Middle & Back Office
System Overhauls, Lift-Outs and Consulting
In today’s hyper-competitive world of asset management, it is critical to have an efficient operational support. Key to this is the installation and proper running of order management, compliance, post-trade settlement and accounting systems. These systems must be matched with the requirements of the business and adapt as the business needs evolve in a changing investment and regulatory environment. In addition, these systems must work with each other using efficient and robust workflows that minimize the chances of error and promote straight through processing to the extent possible.
Our Expertise
At IMP, we realize the importance of having the quality of support needed to ensure that the investment infrastructure is working properly. We also know that this is not a one-time effort, but requires configuring the system and workflows to maximize the advantages while aligning with the needs of the business. CTOs and technology teams turn to IMP for help in the following areas:
Designing and Managing the quality assurance work stream
Supporting outsourcing and "lift-outs"
Streamlining and automating workflows
Providing data mapping and data steward expertise
Integrating with order management systems
Creating custom interfaces & supplementing development
If your firm is considering a software-as-a-service or outsourcing provider to service any of your middle office or back office functions, you've probably heard a sales pitch with the promises of a "like to like" conversion that lowers costs, increases scalability and "won't disrupt the front office."
At IMP, experience has taught us that the service provider's definition of “like to like” may differ significantly from yours, and without the proper controls, the promised cost savings could take years to materialize. If you need to ensure that your middle office project delivers on its promises, contact us at IMP. We’ll share our experience, help you avoid the pitfalls, and craft a plan for success.
