System Selection


System Selection

Investment in systems is a key enabler for any investment management business but systems are expensive to buy and implement so it is essential that the right systems are selected and used correctly. 

However selecting systems is not easy; no two businesses are the same with different functional, geographic and integration requirements so each selection must be carefully tailored to a business. Furthermore the IT and systems market is constantly evolving with advancements in technology, features and deployment options complicating the choice.

Our experience

We have extensive experience helping investment managers select and implement technology solutions systems. We can either advise on or undertake the selection process, ensuring a thorough selection that considers the existing solution architecture, the needs of the business and state of the market.

We maintain a comprehensive knowledge-base of investment management and business systems that we update regularly. We use this as a baseline for system selections but can undertake specific market searches should this be a requirement.

RFP generation and process management

We generate Request for Proposals tailored to each selection typically through a combination of detailed requirements gathering, complemented by our library of RFP-questions. We provide advice on weighting and scoring methodologies which we agree with clients as part of the selection. We also manage the process of scoring responses and attaining consensus between business owners. Finally we provide analytics on the overall responses.



Contract negotiation and agreement

We can undertake or support internal departments with contract negotiation by;

  • providing advice on market norms
  • negotiating specific terms
  • defining and agreeing a set of service levels

Implementation planning

Based on our experiences of undertaking system implementations as well as through regular updates from clients post-selections we are able to provide advice on integration architectures, approaches, teams, scheduling and timescales, as well as lessons learned.