-
99.5%
data quality for mid-sized US specialist asset manager
-
30%
increase in CDB coverage
-
97%
fill rates by adding 100 new profiles
-
425
profiles across 20 databases
CLIENT CHALLENGES
- Low data coverage
- ca.15% data points were missing
- Manual process
- Manual data updates for a few sections, which impacted quality and time to market (consultant questionnaires also updated manually)
- Inconsistent data format
- Multiple data sources and tedious data format
- Only quantitative updates
- Updates, such as narratives, investment professional, product additions, historical uploads and restatements, were not handled by the previous vendor
- Difficult-to-integrate new equity products
- Equity product integration – Challenging during integration for the client. A bulk of new product registrations were in queue
OUR APPROACH
- Deployed Acuity’s proven solution of end-to-end consultant database updates – CDB specialists + EDGE Tool
- Used Acuity’s customised EDGE tool to add sections that were handled manually previously. This helped improve time to market and process efficiency
- Provided full coverage to database sections, including qualitative updates, investment professional, new product addition, historical uploads and restatements
- On-boarded equity products in various databases and audited historical uploads for five years/since inception
- Historical data audit for 4 years
- Best practices implemented to streamline data formats and made sourcing easy
IMPACT DELIVERED
- Improved database quality to 99.5% from 89% in three quarters
- Improved ca.50% time to market and reduced time from T+4 to T+2
- Improved database coverage to 97% from 85%
- Added 100 new product profiles across consultant database
- Centralised the team for both equity and fixed income products and for handling consultant questions
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