Irrespective of the market you are in, here are three key obstacles that Vermilion will help you to overcome.
Controlling your data
Vermilion appreciates the intrinsic value of data and the need for strong data governance in any reporting project. We will work alongside your business and external data management providers to ensure that the reporting data is seamless, timely and accurate.
Establishing your target operating model
Vermilion will work with you to develop or amend the existing business model. We will then engage with all stakeholders to ensure that the deployment meets the needs of the entire business, not just reporting. Through this stakeholder engagement, Vermilion will also help you to secure buy-in, overcome any detractors and facilitate a smooth implementation.
Scaling your reporting function
Through advanced automation and workflow, Vermilion enables you to take on more mandates and aggressive SLAs, while retaining a high degree of personalisation.
The demand for transparency has become paramount in the institutional asset management space. Companies have been put under pressure to increase the frequency, volume and delivery options for their reporting. To remain competitive, asset managers are now required to produce timely, accurate and marketing quality reports in a variety of formats.
Compounding this pressure, margins have decreased and the information being demanded is often incredibly complex. Institutional client reporting no longer requires customisation alone but also personalisation. As assets under management grow, clients can only continue to be serviced by the use of an automated, intuitive and flexible solution that empowers the client reporting analyst.
Over recent years, as the popularity of efficiency structures such as fund of funds have grown, institutional clients have invested small percentages of their portfolios in retail funds. Consequently, pressure has been brought to bear on the retail fund managers to produce essential marketing documents such as factsheets in an accurate and timely way.
Without precise, high quality and timely factsheets, retail fund managers would experience barriers to securing mandates from these institutional clients. As well as the high volume of monthly factsheets, retail fund managers also have to deal with multilingual requirements and various regulatory obligations from regional governing bodies.
There are many products available to private banking or High Net Worth (HNW) clients, depending on the structure of their accounts; WRAP accounts, family structures, trust accounts and so on. All of these structures require a specific type of reporting, such as fund look-through for the consolidated or WRAP platforms. Tax implications also add complexity to the reporting needs that are not found in institutional portfolios.
Private and HNW clients generally understand and follow the markets and are therefore demanding more transparency and more explanatory reporting, rather than high-level generic reports. This is increasing the pressure on the client reporting team.
With Vermilion Reporting Suite, private wealth firms will have the power to meet their client reporting and communication needs with just one solution.
Reporting for hedge fund and real estate investment clients tends to focus on risk statistics, as the amount of holdings information available is limited. Funds are facing new demands in terms of transparency and auditability, with a greater focus on regulation in the industry. Accompanying the inflows of institutional money are demands for higher quality reporting and presentation materials.
Whether you are a large investment company with the capacity to provide detailed research commentary and performance attribution, or a small enterprise with limited resources, you still need to provide a cost effective client service within budget and agreed service levels.
For many third party administrators, custodians and outsourcers, the need to rationalise global client reporting systems is becoming more and more apparent. Multiple clients and business functions each present their own individual reporting challenges, yet migrating away from this situation without creating massive operational disruption can seem impossible.
With Vermilion’s multi-tenanted arrangement, an asset servicer’s clients each have their own partitioned access to the Vermilion Reporting Suite (VRS). This generally facilitates a consolidation from running multiple platforms globally, each with their own element of client reporting functionality. A global offshore strategy can therefore be supported from one instance of the software.
We can help asset servicing firms to streamline their processes, reduce their operational risk and increase the visibility of their global reporting processes. With VRS in place, asset servicers are able to improve their service to existing clients, decreasing their time to market for reporting cycles by anything up to 30%. Asset servicers are also in a position to take on new clients and onboard those clients much faster.
For asset servicing firms, the quality of Vermilion’s reporting output, its ability to translate languages within the same reporting template, its ability to re-use reporting components in any output format and its highly configurable architecture make Vermilion Reporting Suite the first choice for asset servicers – whatever their Target Operating Model.