By: Stuart Reynolds
The term “Great Resignation” was coined by Anthony Klotz, a professor of management at University College London’s School of Management, in May 2021, when he predicted a sustained mass exodus. Also known as the “Big Quit” and the “Great Reshuffle”, these terms all refer to the tendency for significant numbers of employees to leave their jobs during and after the COVID-19 pandemic at rates never seen before.
While many of these employees were in entry-level jobs, others were in higher-level positions, and they left as they were disappointed with the tasks their jobs required them to manage. Replacing these employees is not as easy as it once was. Individuals are demanding higher compensation levels and insist on clearly defined roles without “other duties as assigned” …
How does this loss of key employees affect investment managers? In many cases, the technology used to manage the accounting and reporting functions has not kept pace with advances in order management systems. So, any kind of security can be traded, but recording it accurately in the accounting and reporting systems may require human intervention as the systems are unable to reflect some of the more complex security types. If your employees who know how to identify and resolve data inconsistencies leave, what can you do? Hiring replacements is not easy, and even if you do, the new employees won’t know how to deal with these issues.
The solution is to have technology with the capacity to handle all variations of every security type, and with the intelligence to identify potential data errors and omissions so that fixes can be made before any reports are generated.
Where can you find portfolio analytics technology with capacity like this? Accio Analytics is all-new, designed to handle all security types, built to allow clients to establish custom rules for how the positions are aggregated and sorted, and with Trace functions to make it easy to follow a transaction from input to output and identify where errors have been introduced.
You want to reduce your risk, increase your accuracy, and allow your employees to focus on the tasks their roles were designed for. Full circle, we are back to managing the balance between data validation and data analysis. Accio Analytics can take on many of your data validation tasks, allowing your analysts to spend more of their time doing what they are paid for.
Let us show you the power built into the Accio Analytics ecosystem, first in ensuring that your data is complete and accurate, and then allowing you to generate performance data, attribution analysis, ex-ante and ex-post risk metrics, AUM break-downs and more. Contact us to learn more.
