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Chuck Niswonger, President of NiceNets Consulting, opened the webinar by explaining the issues that many investment management firms have historically faced as they strive to remain competitive, as well as the factors that might indicate it’s time for new software:
Following Chuck’s introduction, Joe Moskowitz, Dealpath’s Director of Business Development and Strategic Solutions, explained how IT teams should conduct their software search to ensure that it satisfies wide-ranging organizational objectives.
Joe kicked off this conversation by highlighting the importance of a strategic, goal-oriented implementation process. By capitalizing on both the experience and existing framework of previous implementations, IT teams can find software that both accomplishes their goals and allows them to implement and adopt the platforms faster.
Following the importance of a strong implementation process, Joe demonstrated how new software should add day-to-day value for all users, from analysts managing pipeline, all the way up to leadership seeking detailed, informative reports. If software won’t add real value based on your unique processes, then it may not drive your success.
While software can help reduce friction by digitizing manual processes, it can also enhance existing tools by adding new capabilities and integrating data. As part of this search, IT teams should consider whether or not prospective software can leverage existing software and digital infrastructure to add new capabilities throughout the investment management process. Additionally, the best software is built with a future-facing roadmap that promises new, evolving capabilities.
As the final piece of the presentation, Joe described how Oxford Properties implemented Dealpath to:
Be sure to watch the full webinar to hear more about the importance of finding efficiency-boosting software that provides IT teams the opportunity to add real, day-to-day value across investment teams.