how a research management system can save your firm time and money
DESCRIPTION
How much time do professionals in your firm spend trying to find and pull together the data they need to make decisions? More to the point, what is that time costing?TRANSCRIPT
How much time and money could
a researchmanagement
save your firm?
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solution
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Successful investing depends on having the
right information at the
right time.
Copyright © 2013 Advent Software, Inc. All rights reserved.
But an IDC report estimates that…
Source: IDC Study, Hidden Costs of Information Work: A Progress Report, (IDC #217936) Copyright © 2013 Advent Software, Inc. All rights reserved.
Nearly
50%of a knowledge worker’s time is
non-productive—spent gathering information, converting formats, unsuccessfully searching or
recreating content that already exists.
But an IDC report estimates that…
Source: IDC Study, Hidden Costs of Information Work: A Progress Report, (IDC #217936) Copyright © 2013 Advent Software, Inc. All rights reserved.
Nearly
50%of a knowledge worker’s time is
non-productive—spent gathering information, converting formats, unsuccessfully searching or
recreating content that already exists.
Only about
25%of the worker’s time is spent
actually analyzing or working with information successfully discovered.
And a survey of P&I subscribers found that…
Copyright © 2013 Advent Software, Inc. All rights reserved.
of research directors spend over an hour a day searching for information stored locally.
More than
50%
Source: Findings based on Pensions & Investments magazine subscribers’ responses to Advent Software’s 2009 Research Management Survey
And a survey of P&I subscribers found that…
Copyright © 2013 Advent Software, Inc. All rights reserved.
of research directors spend over an hour a day searching for information stored locally.
More than
50%
spent at least an hour a day compiling and organizing data in reports and models.
Over
70%Source: Findings based on Pensions & Investments magazine subscribers’ responses to Advent Software’s 2009 Research Management Survey
That wasted time
$2.7 million a year.
A 10-person team can lose as much as
$1.2 million annually.
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can cost a 25-person investment team
Source: Findings based on Pensions & Investments magazine subscribers’ responses to Advent Software’s 2009 Research Management Survey
cut those costs in half.Using a research management solution can
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4 criteriaSo, here are
to help you choosethe right solution.
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Ease
The software should be sufficiently intuitive to minimize the learning curve and get up and running quickly.
1 of use.
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Integration with
Besides the need to support standard business applications, the RMS will deliver greater efficiency if it can integrate seamlessly with your firm’s core portfolio management and trading platforms.
existing systems
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2
Findability3
The solution should have robust navigation, instant access, easy search and advanced filtering. Users should be able to classify
and retrieve information by any of a number of criteria.
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Scalability4
The systems must be capable of handling an exponentially increasing volume of data without compromising retrieval and response time.
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Click here to view a demo ofAdvent’s Research Management Solution
www.Advent.com/RMSDemo
Copyright © 2013 Advent Software, Inc. All rights reserved.