Smart, Successful Investment Management Requires Control Over the Data Deluge
Dynamo Software is a Business Reporter client.
Firms focused on alternative investments often rely on cumbersome manual reporting and decentralized communications that eat up employee hours. The old way of working has kept these firms overwhelmed with data sources and inputs. In this environment, is it truly possible to have confidence in the accuracy of investment reporting and the ability to deliver smart, successful investment management?
US-based Dynamo Software, headquartered in Watertown, Mass., with offices throughout North America, EMEA, APAC and UAE, has developed a better way forward for the industry, with integrated workflows replacing outdated manual processes.
Dynamo provides industry-leading end-to-end solutions for the alternative investments space. The company has spent more than 20 years working alongside general partner (GP) and limited partner (LP) clients to develop features and functionalities that adapt and scale along with changing industry standards. Dynamo has built its capabilities for the alternatives ecosystem, which, although large, is a very specific, nuanced sector.
Dynamo’s modules work together to build a single centralized, automated and comprehensive platform. By automating repetitive manual processes with configurable dashboards, workflows and reports, Dynamo quickly and accurately does the heavy lifting. This way, investment teams can focus on the human touch and insights that make their firms succeed.
“Given the unique complexities of alternative investments, it’s especially critical to have systems for data capture and collaboration,” explains Hank Boughner, Dynamo’s CEO. “They marry the best of human capabilities with the best of technology, empowering teams to harness the power of automation. New and tenured investment professionals alike can set aside tedious manual tasks and dial into more strategic endeavors.”
Dynamo recently released the findings from its new survey, Trends, Challenges & Insights from Leading Limited Partners (LPs) & Asset Allocators, which includes insights from more than 100 of these industry leaders. When asked to rank the challenges they currently face within their investment processes, participants ranked “document collection and/or data extraction” first, followed by “comprehensive views of portfolio exposures” and “managing risk.” It’s no surprise, then, that 94% of respondents intend to spend the same (43%) or more (51%) on technology this year to solve these challenges.
Investment firms must be able to track and analyze a wide range of data from multiple sources to determine when things are going well or poorly. “The alternative space has a multitude of data elements coming at investors that differ from [data coming from] public markets,” says Boughner. “And you need to collect information across different cycles so you can have an informed perspective. However, this creates a data deluge where, actually, too much information is available. Therefore, Dynamo thinks about how to best help the investor not only collect information and aggregate it, but how to enable sharing it within their organization to gain collective opinions.”
Ultimately, this results in more informed discussions about making data actionable, and better understanding of where to make the best investments. That’s at the heart of Dynamo: helping clients control and transform the data deluge so investment firms can make the best, smartest decisions with their capital.
For more information, visit dynamosoftware.com or follow us on LinkedIn.
This article originally appeared in Business Reporter.
Image: iStock id1019729218
