A goal of every firm is to make better business decisions than their competitors, creating competitive differentiation. This is where business intelligence (BI) comes in, powered by data. BI turns a massive amount of data from often disparate systems into a format that is easy to understand, current, and correct, so informed decisions can be made on the data. Firms can analyze current and long-term trends, be instantly alerted to opportunities and problems, and receive continuous feedback on their decisions’ effectiveness. However, what matters most is that the technology powering all the fund transactions, client correspondence, market analytics, and sales strategies remains reliable and responsive daily.
Tiedemann Investment Group (TIG) engaged Portfolio BI to improve the investment decision process. The firm did not have a data warehouse and wanted automation to reduce potential failure points and remove its inefficiencies. Tiedemann’s goal was to leverage Portfolio BI EDM solution to enhance the firm’s ability to centralize firm-wide data, get control of data, and implement a system that was robust and provided ease of use.
“Data was a key driver, but we also were able to streamline partners, reign in vendor sprawl, and achieve improved cost efficiencies.” Michael Fastert COO & CLO
Portfolio BI implemented PBI EDM, its flagship data warehousing and reporting solution for Tiedemann, based on their specific data needs, business model, and trading strategies. PBI EDM empowered them to “get control” of their data. They leveraged the Portfolio BI Security Master to centralize and simplify the management of securities terms and conditions, reference entities, and market data. Its dynamic model allowed the operations staff to easily define security and reference types and add attributes on the fly without any additional programming. .
PBI Services and Solutions Implemented
- Portfolio BI EDM
- Portfolio BI Security Master
- Managed Support
- Professional Services
“Working with Portfolio BI did not force us to compromise in any way. We were able to leverage their strong technologists, deep business expertise, and aptitude all to improve firm-wide efficiencies and workflows.” Steve Tangredi CIO
- Deliver the right set of data management features based on firm size and asset complexity
- Helps Tiedemann realize significant cost savings, reduce operational risk and complexity, and ensure enterprise-wide data integrity
- Supports all asset classes with complete and accurate data.
- Provides a variety of data management tools • Eliminates system fragmentation and data silos by centralizing data management on a single, scalable platform
- Robust functionality and ease of use
- Rapid implementation
- Expert support
Tiedemann was able to leverage the strength of the Portfolio BI product suite and technology and business acumen to streamline their firm, gaining operational efficiency and competitive differentiation.
“We felt that the time they dedicated to us was an invaluable and competitive differentiator. The support and expertise that Portfolio BI provides have continued regardless of where we are in our firm’s lifecycle.” Michael Fastert COO & CLO