A leading global asset management firm with substantial assets, this organization provides diverse investment solutions across multiple asset classes.The Client
A leading global asset management firm with substantial assets, this organization provides diverse investment solutions across multiple asset classes.
Challenges Faced by the Client
The client faced several challenges with their existing system, which was a manual process for collecting ESG ratings for needed securities from the ESG rating provider. This process was ineffective, requiring individual searching, copying, and pasting for each security, but also inefficient and prone to errors. Manual data entry inherently increases the risk of inconsistencies and inaccuracies, further hindering the process. Finally, the manual approach lacked scalability, meaning it couldn’t efficiently handle larger data volumes.
Solutions
UB Technology Innovations Inc., experts have implemented a Power Automate solution to an automated data extraction solution that is integrated with the ESG Rating Provider.
- Automated data collection:The solution automatically extracted relevant ESG ratings from the ESG Rating Provider, eliminating the need for manual searching and copying.
- Improved accuracy:Automated data extraction reduced the risk of errors associated with manual data entry.
- Increased efficiency:The solution significantly reduced the time required for data collection, allowing clients to focus on analysis and decision-making.
- Enhanced scalability: The solution could efficiently handle large datasets, supporting growth and future needs.
Solutions Benefits
The Power Automate solution addresses the manual data collection challenge, offering efficiency, accuracy, compliance, scalability, and improved decision-making while providing a competitive advantage for the client in the capital market domain.
- Data Management: The automated solution organizes, fetches and stores ESG rating details efficiently, making it easier to retrieve and manage information when needed.
- Scalability: The automation process can efficiently handle a large volume of details and data, making it suitable for scaling to meet future needs.
- Reporting: Automation enables real-time or scheduled reporting to management, ensuring that stakeholders are informed promptly.
- Resource Allocation: By reducing manual work, automation allows the client to allocate resources more effectively, optimizing workforce productivity.
- Competitive Advantage: The client gains a competitive edge by automating the data collection process, allowing them to focus on strategic investment decisions rather than administrative tasks
- Direct/Indirect Cost saving: The Power Automate solution reduces direct costs by freeing up human resources for strategic tasks and minimizing errors, resulting in a 50% reduction. It also generates significant indirect cost savings through improved decision-making, enhanced compliance, and increased productivity.
