Front-to-Back Assessment
The front-to-back concept provides asset managers a unique opportunity to optimize and scale multiple functions along the value chain. This can be achieved by strategically managing data, leveraging 3rd party capabilities, and creating shared services for key functions that have been historically fragmented, such as data and reporting, valuation, reconciliation, and service provider oversight.
The full benefits of a front-to-back solution can only be realized when asset managers approach it with a mindset of true transformation, both philosophically and practically, that transcends traditional operational silos from initial assessment through implementation.
Olmstead’s front-to-back assessment consists of a series of operational, data, and technology reviews targeted on strategic processes. It provides an end-to-end review from front office client-facing delivery through back office sourcing and execution.
As asset managers deal with pressures to scale for business growth, comply with complex regulatory requirements, and manage the rising costs of technology and staff, the front-to-back operating model must be reimagined to provide efficiency and reduce risk.
Leveraging a front-to-back platform or outsourcing to a front-to-back provider are ways to streamline and enhance the investment processes, improving operational efficiency and resiliency.
Automation of manual processes and real-time delivery of data on a single platform allows asset managers to mitigate risk and maximize efficiency and effectiveness.
Historically, reviews across front, middle, and back were executed in silos.
Although slight efficiency gains may have been achieved, they often fail to realize an optimized target state.
In helping you assess a platform or provider, Olmstead looks across the functions within the front, middle, and back office, assessing the current state of the operating model and data model, providing you with the insights needed to arrive at a roadmap toward an optimized target state.
A holistic review of your business will produce a list of actionable initiatives, a strategic roadmap, and will benefit from the use of some or all of the transformation levers.