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Imagine a financial reporting system that relies on spreadsheet calculations.

and ‘ruler and eyeball’ manual processes for data management and validation..

Then consider how one significant spreadsheet error could impact the integrity.

of key regulatory, financial and investor reporting data. It’s a risk scenario.

that seems counterintuitive to the vision of improving financial reporting.

transparency and control, but one inherent in the back-office infrastructure of.

many mutual fund and hedge fund shops.Yes, it’s astonishing. Spreadsheets, manual processes and disparate systems.

still define the data management infrastructure in many fund shops. Error prone,.

inflexible and lacking scalability and process control, these reporting systems.

can no longer meet mounting reporting challenges in the fund industry. Driven.

largely by industry demands for transparency and control, the need for data.

consolidation and automation has never been greater.

Taken from here