Finally, an integrated front-middle office, middle-back office, or front-to-back office could improve a firm’s response time when it comes to regulatory compliance or bringing new investments and products to market.ĬGA’s mission is “Consolidation”, we understand the complexity of running a business. There are many industries and areas where digital asset management plays a vital role. DAM helps any organization create a centralized place from where they can access their media assets. System consolidation may also translate into lower data acquisition costs thanks to fewer platforms, fewer users, and fewer requests for data from data providers. Digital Asset Management is a systematic approach to efficiently organizing, managing, storing, retrieving, and distributing an organization’s digital assets.
CENTRALIZED ASSET MANAGEMENT SYSTEMS MANUAL
This need to squeeze more growth out of their platforms at lower costs are further driving firms to seek out opportunities for platform consolidations.įewer systems mean fewer software upgrades, simpler data integration, less manual intervention, and better data transparency-all of which have the potential to lower operational costs and risks. Firms are looking for scalability at lower costs, which is driving investments by firms and vendors in workflow automation, robotics, artificial intelligence, and other new technologies. Basically, the opportunity to reduce overhead costs. Operational costs, resource costs, data costs. People want a single, high-quality source of data they can trust.
This means more controls on data access, use, distribution, and security. Not just to manage and mitigate risk, it is to be focus on reducing it. That creates a culture of trust between the company. Reducing the proliferation of data, more data quality than quantity. Letting the information flowed thought the organization, front to back. Improved data transparency and visibility.
CENTRALIZED ASSET MANAGEMENT SYSTEMS DRIVERS
The business drivers behind this trend today is to pursue three main objectives:
Today’s firms are facing a new regulatory environment, new technologies, and an entirely new set of challenges and opportunities. Metrics and indicators are also vital to mitigate risk, reduce cost and boost results. People, processes, and technology are interlinked with your business strategy. In recent years, the asset management industry has seen an increase in the buy side’s appetite for reduced architecture complexity and system consolidation, which is resulting in fewer platforms or even the pursuit of a single fully integrated platform.