There are numerous benefits to automating your financial data inputting processes. As our clients have discovered, one of the most unexpected ones is that it allows them to improve their capabilities, take on more clients, and even be open to more opportunities than ever before. In other words, when you input financial data automatically, you will make room for further developments.
Our Real-Life Case Study
Over the past four weeks, we have been following the story of one of our clients, which is a Fund Administrator company that was looking to deliver daily Net Asset Value (NAV) reports for a hedge fund with a large number of transactions on multiple instruments from multiple sources.
If you’re a fund administrator, then that sentence has probably already resulted in flashbacks of rooms full of accountants trying to source, transform, normalise, and reconcile data across multiple manual processes and Excel sheets. But, don’t let that get to you: thanks to our AUTOMAN software, our client has managed to reduce all the stress and work into a seamless process that runs in the background and which:
- Saves them time with financial data processing automation,
- Reduces errors through automated and scheduled daily tasks,
- Lessens financial data inputting costs via automation, and
- Improves both capability and opportunities!
Now, let’s take a more in-depth look at the last point, shall we?
Input Financial Data Automatically via AUTOMAN and Improve Capability & Opportunities
Let’s start with the obvious: if an accounting process is too slow to keep up with demand and market, then the service is practically impossible to deliver. But that’s just the tip of the iceberg.
Companies may sometimes want to employ more people or have more employees working on a process to make it faster, but that obviously increases costs and work hours. More worryingly, having employees work hours upon hours on long manual processes and Excel sheets will undoubtedly become boring, tiring, and tedious, leading to more errors that can cost you time, money, and potentially clients.
AUTOMAN is a type of software that can be tailored to your individual needs, optimising this whole process from start to finish: think sourcing, transforming, normalising, categorising, reconciling, and reporting data from multiple sources and in multiple formats.
It does this automatically, in the background, 24 hours a day, ensuring you have up-to-date data and reports on your hedge funds whenever you need them at a fraction of the price of doing it manually.
This comes with plenty of benefits in itself:
- Your team will have more time to deal with more valuable tasks and clients, instead of with manual work and Excel sheets.
- You will be able to deal with more client data, financial instruments, funds, and markets, as this won’t add any manual labour.
- You will save money, which you can then invest in your team to become more specialised.
- You will have an edge over your competitors, which you can use to your advantage when promoting your services.
But Don’t Just Take Our Word For It!
The automation of manual work is taking over the world. We love Amazon’s next-day delivery, for example, which has been further cut down to just two to five hours in the US. It’s amazing that we can order something online and have it in our hands so quickly. It’s the same with food delivery services, where just a few taps can see us dig into a pizza just 30 minutes later without ever leaving our home.
All this is possible thanks to automation, and while ordering a pizza and managing a hedge fund are two completely different processes, the idea is the same:
- save time,
- save money,
- reduce manual labour, and
- deal with larger volumes of data while delivering better results.
And all this is available to you, as a fund provider, thanks to AUTOMAN!
Are You Ready to Input Financial Data Automatically & Do Better?
Using state-of-the-art software and modules that can be mixed and matched to your specific needs, AUTOMAN is financial processing automation software that can revolutionise the way you work.
So, are you ready to take the leap and improve your performance? Then get in touch with us and we’ll explain how our software solutions could help you!