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Select the right investment management solution in 6 easy steps

Even expert wealth managers are likely to make mistakes from time to time. When it comes to financial mishaps, though, the fallout is rarely negligible and often large scale. 

Even expert wealth managers are likely to make mistakes from time to time. When it comes to financial mishaps, though, the fallout is rarely negligible and often large scale. Of course, the mistakes are much more complicated for asset managers and investment management companies since the management is for customers who rely on their experience and understanding to increase manifold their assets, and NOT lose any.


Trust, as philosophized, is built slowly yet easily broken. Financial trust, as an investment management company already knows, is not to be trifled with, as once broken, it takes years to rebuild a reputation and bad word-of-mouth has far-reaching effects. But, no one is infallible. Even the experts turn to expert help sometimes. In this case, very often, the best solutions may lie with the investment management software tools that are, unfortunately too many, but not all good. There are several insurance policies that make their mark. Here are 6 simple steps to check if you've got the best investment management software for your business:

1. Ask if the investment management software tool is scalable:

Your answer to this question will determine if your approach to managing investments is myopic or growth-oriented. Not every system can be modified to accommodate changing demands and growing needs and scalability is a major factor is allowing growth for your customers' investment needs, and for your business growth. After all, when a new avenue presents itself, a software roadblock is not really soft.

2. Check data security:

The best investment management software will always prioritize the security of their customers' and resources' data. Not only does data loss/damage create extreme PR problems, but they also showcase a deeper flaw in the management systems. While your customer may not be immediately aware of your software security, everybody prefers the expert over the amateur and only the right investment management software provides an investment management company with that epithet.

3. Consider the impact of your workforce demographics:

Developing countries have a younger working demographic than developed countries and due to current scenarios, educational and otherwise, these populations often present as more tech-savvy than older generations. While complicated software is not the best option for anyone, care must be taken that if your workforce demographic is not as young, then the investment management software tool must be easy to train in; that is, include efficient and user-friendly ERP and systemised work strategies.

4. Realise lean maintenance improvements by integrating EAM with ERP:

A flexible software solution that provides integrated suites is usually less prone to bugs and allows easy management. It usually comes as a boon for the resources who can move onto tasks less menial than toggling between systems, saving the company much in terms of spends on productivity.

5. Test compatibility with existing mainframe:

Very often, newer systems bring about their own problems and may simply be incompatible with existing investment management software. Sometimes, even legacy systems can help with current project requirements with updates, as opposed to a complete transformation. Sometimes, the best investment management software may already be what you have.

6. Reviews:

This one might be an easy one, but it is also often easily missed. If there is a reputation that a software has developed as one of the best investment management software, it may be with good reason.

So there we are, with some easy checks to help you choose just right for your business!

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Stories by Deeksha Panth