UMB FUND SERVICES
Software selection is key for asset managers For asset managers, selecting the wrong accounting technology can be a costly mistake
F
or asset managers, selecting the right fund accounting and reporting platform is a crucial step. Get it right, and everyone – from portfolio managers to back-office staff and investors – can benefit from a seamless experience streamlining many of the most important activities involved in successfully managing a fund. Get it wrong, and executives can find themselves in a whole world of pain. Problematic technology can delay reporting, throw up compliance problems and force fund TECHNOLOGY INNOVATIONS IN FOCUS | Aug 2021
managers to embrace time-consuming manual workarounds. Most importantly, it can damage their brand by frustrating investors who may struggle to access investment information they need. That’s why making the right decision about a technology platform and administrator to use is so important. “Firms that are lured in by a low upfront cost or well-known brand may live to regret it in the longer term,” says Jake Zornes, Managing Director at UMB Fund Services, a leading administrator in the space. www.hedgeweek.com | 21
