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This report contains the results of Cutter Associates research into the age-old debate between all-in-one and standalone (best of breed) solutions.
This research provides background on the industry drivers, member practices, and challenges related to decisions about their system architecture. It also explores how different types of software and service providers view this dichotomy, and how the landscape may be changing.
This report contains the results of Cutter Associates research into Integrating Investment Systems, it includes an overview of the approach investment managers take to data and systems integration against a background of technology changes such as cloud deployment and APIs.
We also look at where integration strategy fits with data governance and architecture. We summarize the types of vendors and tools that support integration.
The research examines the ways member firms integrate applications, including the integration methods and software tools they use. We include discussions of systems architecture approaches because they are fundamental to integration design. We also provide information on industry issues, trends, and developments in integration tools such as APIs, cloud deployment, and integration platform-as-a-service.
We provide descriptions of the following vendors, some provide pure integration tools, others act as hubs for data and include integration capabilities: Ab Initio, Attunity, AWS Data Pipeline, Axway, Dell Boomi, Denodo, Eagle, GoldenSource, Informatica, MarkitEDM, Microsoft Azure Data Factory, MuleSoft, NeoXam, Oracle, Pentaho, Talend, TIBCO.
This research provides an overview of the practices investment managers use creating client reports and current industry trends, especially related to customization and data. It also provides assessments of vendor tools that support client reporting.
Areas covered include an overview of trends we see in client reporting, the current practices of CutterResearch member firms, an overview of changes we have seen in the vendor landscape since we last covered the topic in 2013, and practical advice for client reporting practices. Reviews of systems that support client reporting include Assentis Technologies DocFamily with SolPresent, Factbook Studio 10, FactSet VRS, Seismic, SimCorp Coric, SS&C Technologies Vision FI, and Xinn. Additional information on offerings by Assette, IHS Markit, Investcloud, Kurtosys, and Satuit are also included.
CutterResearch last reported on Investment Accounting Solutions in 2010. This report provides an updated overview of the vendor landscape, as well as insight into CutterResearch member usage and their experience with investment accounting systems and service providers.
This report features detailed reviews of Broadridge BIA, Clearwater Analytics, Eagle Accounting, FIS InvestOne, Linedata Icon, SimCorp Dimension, SS&C APX, SS&C CAMRA, SS&C Geneva, SS&C PORTIA, State Street PAM, and Temenos Multifonds Global Accounting. The study also includes a summary of service offerings from BBH, BlackRock Solutions, BNY Mellon, Northern Trust, and State Street.
CutterResearch members share their experience with Robotic Process Automation (RPA) in their firms. We explore business use cases being supported and considered, and how organizations plan for and manage the bots.
Discussion also includes the tools employed, skills required, and operating principles established.
This report contains the results of Cutter Associates research into Alternative Data. It includes an overview of how investment managers are using alternative data to generate alpha and gain a competitive advantage through early discovery of actionable information.
We summarize the types of vendors offering alternative data, and details of leading vendor products.
The research examines the types of alternative data that investment management firms are exploring or using, such as sentiment analysis, satellite imagery, or data from mobile device apps, and how they integrate these new data types with their traditional data, processes, decision making, and systems. It also includes an overview of this new and growing market, as new vendors and data sources appear weekly.
We provide descriptions of the following vendors of alternative data products: 7Park Data, Accern, Bloomberg, Connotate, Crux, Dataminr, DISCERN, Eagle Alpha, Estimize, FactSet, IHS Markit, Indus Valley Partners, iSentium, MarketPsych Data, MKT MediaStats, Nasdaq Analytics Hub, Neudata, Orbital Insight, Prattle, Quandl, QuantCube Technology, RavenPack, RS Metrics, S&P Global Market Intelligence, Sentieo, State Street, Thasos, Thinknum, TruValue Labs, and YipitData.
This research provides an overview of the practices and tools investment managers use to create and manage pitch books and client presentations. It also provides information to help member firms assess available vendor solutions.
Areas covered include an overview of pitch book and client presentation trends, current practices of CutterResearch member firms, an overview of the current vendor landscape, and practical advice for pitch book and client presentation system selection and implementation projects. Reviews of systems that support the creation and management pitch books and client presentations include Assentis Technologies SolPresent, Assette, Seismic, SimCorp Coric, SS&C Technologies Vision FI, Synthesis Technology FlightDeck, and Xinn. Overviews of FactSet Vermilion V:Pitch and Perivan Technology RightSlide are also included.
This report contains the results of Cutter Associates research into member practices and technologies for reconciliation. It also provides detailed evaluations of standalone reconciliation solutions.
Areas covered include industry trends and current practices of CutterResearch member firms. It also includes an overview of the current vendor landscape, and an overview of the standalone reconciliation solutions available to buy-side. Reviews of systems include Broadridge Reconciliation, Duco Cube, FIS IntelliMatch, Fiserv Accurate Reconciliation, Fiserv Frontier Reconciliation, Gresham Clareti Transaction Control (CTC), Indus Valley Partners IVPRecon, SmartStream TLM RP, and SS&C Recon.
This report contains the results of Cutter Associates research into Automating Business Processes, it includes an overview of what tasks member firms automate and how, as well as summary details of leading Business Process Management (BPM) and Robotic Process Automation (RPA) vendor products.
All firms seek to improve the efficiency and effectiveness of their business processes and over the past several decades have used automation to move toward this goal. As more sophisticated tools for automating manual processes arrive, firms are examining the options for further improvement.
The research examines the role that BPM and RPA can and do play in investment management firms, and the business processes that firms automate using either BPM or RPA products. It also includes an overview of this fast-changing market, the new RPA products that are appearing and the partnerships that are being formed.
We provide descriptions of the following vendors and products: Appian: Business Process Management Suite, Automation Anywhere: Automation Anywhere Enterprise, IQ Bot, Bot Insight, BotFarm, Blue Prism, IBM: Business Process Manager (including integration with Automation Anywhere), K2: blackpearl and Appit for SharePoint, Kryon: Leo Platform, Leo Studio, Leo Robot, Leo Console, Leo Server, Leo Player, OpenConnect: AutoIQ Process Automation, WorkIQ Workforce Analytics, Pegasystems: Pega 7 (integration with OpenSpan RPA platform), Softomotive: ProcessRobot, WinAutomation, Thoughtonomy: The Thoughtonomy Virtual Workforce, UiPath: RPA Enterprise Platform, Studio Robot, and Orchestrator, WorkFusion: RPA Express, Smart Process Automation, Xceptor: Xceptor Data Hub.
This research explores practices for managing suppliers and provides an overview of the types of tools, data, and services members are using to manage their suppliers.
Areas covered include an introduction to vendor management, current and trending member practices, suggested best practices, and industry pressures driving upgrades to vendor management programs.
It also includes an overview of the current vendor landscape and reviews of vendor management systems including IHS Markit KY3P, Knadel Software SupplierVision, Prevalent Synapse, and ProcessUnity Vendor Cloud.
This report contains the results of Cutter Associates research into member practices, and technologies for managing collateral. It also provides detailed evaluations of collateral management systems and overviews of collateral management utilities and services.
Areas covered include industry trends and current practices of CutterResearch member firms. It also includes an overview of the current vendor landscape, and an overview of the services, utilities, and solutions available to buy-side firms managing collateral.
Reviews of systems include AcadiaSoft ProtoColl, BlackRock Solutions Aladdin, Bloomberg MARS Collateral, Broadridge Collateral Management, Calypso Collateral Management, CloudMargin, FIS Apex Collateral, IntegriDATA CAARS, Lombard Risk COLLINE, Misys FusionCapital Collateral, Murex MX.3, OpenLink Findur, SimCorp Dimension (Collateral Manager), SmartStream TLM Collateral Management. Summary information for the following utilities is included: AcadiaSoft MarginSphere, DTCC Margin Transit Utility, and TriOptima triResolve. Summary information is also provided for the following collateral management service providers: BNY Mellon, Brown Brothers Harriman, HSBC, Northern Trust, SEI, SS&C, State Street, and Viteos.
This research provides background on the industry drivers affecting investment managers, and the tools and practices they currently use to manage investment management reference data.
Areas covered include an overview of Reference Data Management and current practices of CutterResearch member firms. It also includes an overview of the current vendor landscape and the services and solutions available to manage and master reference data. Reviews of systems include AIM Software GAIN, Asset Control AC Plus, Bloomberg PolarLake Data Management Utility, Broadridge Security and Price Masters, Curium Data Systems, Eagle Data Management, GoldenSource EDM, IHS Markit EDM, NeoXam Data Hub, Xemomorph TimeScape EDM+.
This Research report includes an overview of risk management products, and a detailed evaluation of systems that support market and credit risk management, as well as investment managers' risk management practices.
Areas covered include an introduction to investment risk, an overview of recent changes in the vendor landscape, the challenges facing the members, and the systems supporting market and credit risk. Product evaluations are included for risk management systems including Axioma Risk, BISAM Cognity, BlackRock Solutions Aladdin Risk, FactSet Portfolio Analytics Suite, FIS APT, Kamakura Risk Manager, MSCI Risk and Performance Suite, Riskdata, StatPro Revolution, UBS Delta, and The Yield Book.
Other vendor products discussed in this research include Bloomberg PORT, Calypso Enterprise Risk Service, Charles River Development Model 3, Misys FusionRisk, Moody’s RiskFrontier, OpenLink Findur, Ortec Finance GLASS, SimCorp Dimension, State Street truView, and Wilshire Omnia.
This CutterResearch report includes a review of new technologies that are beginning to affect buy-side firms, how firms view them, and how they expect to use them.
Technologies covered include artificial intelligence (machine learning and cognitive computing), blockchain (distributed ledger technologies), and new data technologies such as big data and data lakes. The results of a member survey and interviews are analyzed, including the expected impacts and benefits arising from the technologies. Also included are firms’ concerns and their attitudes to the use of open source tools. The report also examines how firms manage the investigation, testing, and introduction of new technologies.
This report contains findings from Cutter Associates research on Mastering Client, Account, and Product (CAP) Data. It provides background on the industry drivers affecting investment managers, including those related to data quality and accuracy for this reference data.
This report covers current practices of member firms, suggested best practices for mastering CAP data domains, and the systems available to support mastering these data domains. Product reviews are included for MDM systems with CAP data functionality provided by Accudelta, Eagle, GoldenSource, IHS Markit, and NeoXam.