When it comes to revenue and expense management, the investment management industry is fragmented and in need of a major overhaul, according to a recent survey of EMEA investment managers byBonaire Software Solutions.

Specifically, 67% of respondents cited data consistency across business units as one of their biggest challenges with expense management. According to the survey, accounting staff members within asset management shops are challenged with disconnected business units and paying vendor invoices without having the chance to validate fees. As a result, investment firms lack confidence in the accuracy of their payments. The poll revealed that over half (57%) confessed to a lack of confidence in paying out distributor rebates.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access