Technology is an integral part of the financial industry. Indeed, it can support investment management through electronic trading, real-time portfolio valuation, risk analysis, reconciliation, and more.
But choosing the right software for financial management is not always straightforward, especially if you’re to invest in financial software for the long term that can grow with you.
With that in mind, here’s what to keep in mind when choosing software, especially if you’re a financial SME with a limited budget!
Technology Evolves: Choosing the Right Tools is Crucial
In the realm of investments, trading platforms typically require more integrations than in some other areas; not to mention the capacity to expedite processes. Connecting various venues, processing large datasets in real-time, and ensuring resilience to maintain service continuity are obvious—but critical—requirements.
Sadly, however, many companies opt for software that has a cheap starting cost, but which cannot handle growing workloads. In fact, when we’re approached by companies looking for financial software for the long term, they often tell us that they need an urgent fix because their software is hindering their growth and revenue.
This is why we keep driving home the point that companies investing in technology should always look at the broader perspective; a bigger picture that encompasses understanding how technology can resolve immediate issues while addressing other challenges.
In the long run, efficiency is achieved by minimising the number of tools and maximising the outcomes across multiple applications.
But that’s not all. It’s also important to keep in mind that when choosing a piece of software, you’re not just taking on the initial financial investment, but also the training of your staff, the integration of the new processes into your system, and the improvement of efficiency to facilitate growth.
Therefore, when the requirement arises, it is important to analyse not only the tools needed to complete the task at hand but also how to optimise decision-making. And that can be done even by companies with a limited budget, given they choose technology that is scalable, resilient, and cost-effective.
The Wakett Box is all this and more, making it an ideal choice for those seeking financial software for the long term.
Why We Created the Wakett Box as a Vertical Solution
The Wakett Box integrates Trading, Analytics, Operations, and Connectivity—all within a single platform. Through it, you can:
- Connect with any provider using multiple protocols.
- Unify data from different sources to enhance operations through automated processes.
- Aggregate data for easy analysis and reporting.
- Place orders on multiple venues through one platform.
Moreover, each process can be tailored specifically to your team’s needs and work seamlessly with your current processes to make integration quick and simple.
What’s even better is that while the initial investment may be more than that of off-the-shelf software, it can easily be scaled up or down, saving you money and time at every step.
So, what are you waiting for? Get in touch with us to discover how our solution can transform the way you work in the long term with the right financial software for the long term.