Buy side steps up efforts to automate client reporting

NEWS ANALYSIS | REPORT | INVESTMENT MANAGERS MUST INCREASE AUTOMATION, SAYS REPORT

BOSTON – Investment managers are seeking more substantial automation of their client reporting systems and procedures in the face of steeper requirements from investors, regulators and consultants.

According to a recent TowerGroup report entitled Institutional Client Reporting: Automating the Manual Processes, more frequent and in-depth client demands for reports have rendered managers’ heretofore highly manual reporting processes both costly and inadequate. This was reflected in the consulta