Best data governance solution—Siepe

Product overview—Siepe Data Management

Siepe is a provider of technology and services tailored to high-yield, private credit and alternative investment managers. Through its cloud-based platform, Siepe offers front-, middle- and back-office solutions to streamline workflows, scale processes and transform data into an asset to gain perspective, enabling buy-side firms to reduce risk, gain scalability and provide a seamless experience for portfolio managers, traders, analysts and operations to access normalized data stored in a central location.

The solution

With respect to data management, Siepe’s solutions allow firms to process inbound and outbound files automatically to counterparties across multiple file delivery protocols. Its solutions support the entire portfolio life cycle, from trade processing and asset administration to client and regulatory reporting and reconciliations, enabling portfolio managers to gain insight into the performance of their portfolios. Siepe also supports various data documentation processes, from reviewing deal parties to collateralized loan obligation (CLO) closing and ongoing administration.

Secret sauce

Having timely, clean and accurate data is crucial for portfolio managers navigating evolving market dynamics and making the most informed investment decisions. Data integrity allows them to uncover new opportunities within the portfolios they manage. By combining the front, middle and back office on a single user interface, Siepe’s platform has increased transparency across the whole investment life cycle, providing users with a single source of truth and enhancing firms’ workflow efficiency.

Recent milestones

• Added dynamic dashboard modules to allow display of fund summary statistics, fund analytics, ratings bucket and price bucket data
• Integrated datafeeds for positions and security details with third-party order management system providers, added the ability to store amortization schedules and imported index return data from Morningstar for fund benchmarking performance calculations
• Streamlined the instrument creation process for users to create new instruments and populate the details required for each tool.

Future objectives

As capital flows to private credit and CLO markets continue to grow, Siepe is looking to improve transparency and data integrity by:

• Creating a new dashboard for lenders to automate wire movements and the distribution of funds for new loan issuances and borrowing requests on private loans
• Optimizing CLO trades based on certain parameters such as weighted average rating factor and weighted average spread with actionable trade suggestions.

Why Siepe won

Dallas-based Siepe wins the Best data governance solution category in this year’s Inside Market Data & Inside Reference Data Awards thanks to its cloud-based Siepe Data Management platform. Data governance tends to mean different things to different organizations, although key attributes of a competent data governance framework invariably include data management rules and processes to ensure data is accurate and reliable, rendering it fit for its intended purpose. To that end, Siepe Data Management is designed to provide portfolio managers with timely, clean and accurate data, allowing them to make the most judicious, transparent, defendable and repeatable investment decisions, their single most important function. The platform also combines firms’ front, middle and back offices into a single interface, providing users with a single source of truth and, by doing so, helping to enhance their workflow efficiency. This win is Siepe’s first-ever success in these awards but, given the maturity of the Siepe Data Management platform and the firms and products/services it beat to the title, who would bet against Siepe doubling up next year?