5 Features Investment Management
5 Features Investment Management – If you handle the assets and investments of clients. Then I am sure you agree that an investment management solutions in an important tool. One that you use in your day to day work. However, with so many options available it can sometimes be difficult to decide which solution to go for. So if you are currently looking for such a tool. Here are 5 features to look for in investment management software.
1. Remote & Mobile Access
If you want to access clients’ information easily, then you should look for a solution which includes a web-based and also mobile option, so you can remotely access vital data anywhere you go. You will be able to easily log into the system even via your mobile device. Any time day or night to access data, manage investment, apply changes and more. Being able to management your client’s investments for any city in the world is a crucial element, especially if you are on the go often.
2. Unlimited Number of Clients
Make sure that your investment management software is set to handle an unlimited amount of clients. Even if you are just starting out, you cannot restrict yourself by choosing to use software which sets limited on the number of clients you can handle. The software you choose should also cater for more than one user. This way, several people can access the same program if need be. You will need to check to see if additional licenses are needed for this kind of setup, as some companies charge additional fees for additional users. In fact in some cases, you may need to license each user. However, this will depend on the size of your organization.
3. Effective and Flexible Reporting Capabilities
Make sure to choose a solution that delivers the kinds of reports that you need for your business. Prior to choosing the software you should be able to view screen shots of the program features especially when it comes to reports. Take a look at sample reports and if they are not what you need, then look elsewhere. If such screen shots and sample reports are not available on a company’s website, get in touch with them and get a live demo of the solution.
Branding is important for many businesses; therefore find a solution that allows you to add your name and logo to all correspondence and reports. It should be a seamless fit, and not a “one size fits all” appearance. This will provide professional appearance and inspire confidence in clients.
4. Front to Back Office Integration
To ensure and increase future business profitability look for an investment management solution that provides full integration of the Front to Back Office process. Front to Back Office integration will bring together customer acquisition processes, with client management applications and datasets. Such seamless integration will improve productivity, helping you to provide a better service and therefore increase your customer retention rate.
5. Flexible (and Effortless) Customization
Managing investments for different clients, each with very different scenarios, means you will have execute custom processes for each. This is why your chosen investment management software should provide you with the ability to adjust and customize new rules, regulations and processes easily and effortlessly. Some solutions might be restricted in this area, and some vendors might indeed charge extra fees for additional rule customizations. Therefore look for a solution that, along with providing a set of pre-defined rules and processes based on industry standards, also provides you with the flexibility of adapting and adding your own.
Finally, make sure that the software company you choose provides an effective support system that is available during your business hours. It is better if there is twenty four hour support, but this may not be necessary. You should also be able to call and talk to someone about your problem. This insures that you have prompt action on any situations that occur. Make sure you get these questions answered before committing to an investment management solution.
These are just five important features you will need to consider when evaluating the options for an investment management solution. Of course ensure you get an extensive trial of the software, or a thorough demo, before going ahead. Looking online for past client reviews and testimonials should also help you make a much more informed decision.