StatPro con­tin­ues the Rev­o­lu­tion

Web­site: www.statpro.com

Shares - - SHARES SPOTLIGHT -

StatPro be­lieves soft­ware should be sim­ple. Sim­ple to im­ple­ment, sim­ple to op­er­ate and sim­ple for their clients to achieve its busi­ness goals.

StatPro pro­vides the anal­y­sis that helps the global fi­nan­cial mar­kets tick. So­phis­ti­cated risk and per­for­mance anal­y­sis with the proper man­age­ment of com­plex fi­nan­cial as­sets. The world has $160 tril­lion of as­sets un­der man­age­ment and about $40 tril­lion of that goes through var­i­ous StatPro sys­tems.

BIG IN­VEST­MENT

StatPro has in­vested sig­nif­i­cantly in cloud­based tech­nol­ogy. As as­set man­agers feel the dou­ble­whammy of lower fees and higher reg­u­la­tion, they need to adopt bet­ter tech­nol­ogy and StatPro is cen­tral to their re­quire­ments.

The com­pany’s flag­ship prod­uct StatPro Rev­o­lu­tion, launched in 2011, has grown rapidly with over 300 clients across 39 coun­tries us­ing the plat­form. Rev­o­lu­tion is a cloud na­tive Soft­ware as a Ser­vice (SaaS) so­lu­tion and was de­vel­oped to ex­ploit fully the ad­van­tages of the cloud com­put­ing de­liv­ery model. Im­por­tantly, it was de­signed to of­fer nearly lim­it­less on­de­mand com­put­ing power along with mod­ern data and ap­pli­ca­tion ser­vices. When com­pa­nies build and op­er­ate ap­pli­ca­tions in this way, they bring new ideas to mar­ket faster and re­spond sooner to cus­tomer de­mands.

StatPro em­ploys 350 peo­ple across 10 coun­tries, many of whom are pro­fes­sors in maths or physics – it even has an ac­tual rocket sci­en­tist. StatPro be­lieves it is the qual­ity of the peo­ple it em­ploys as much as the tech­nol­ogy it pro­duces that sets StatPro apart.

Com­bin­ing this in­dus­try ex­pe­ri­ence with the lat­est tech­nol­ogy has re­sulted in StatPro Rev­o­lu­tion, the first per­for­mance and risk an­a­lyt­ics so­lu­tion specif­i­cally de­signed for the cloud.

THE BUSI­NESS MODEL

StatPro’s busi­ness model is to rent out its soft­ware for long-term sub­scrip­tions pro­vid­ing it with high vis­i­bil­ity on its rev­enues. Its an­nu­alised re­cur­ring rev­enue from present con­tracts is now £53m per an­num as at 31 De­cem­ber 2017, up 35% from 31 De­cem­ber 2016 and 59% from 31 De­cem­ber 2015.

Its mis­sion is to re­place its legacy soft­ware with cloud­based solutions by end of 2020. StatPro Rev­o­lu­tion’s an­nual re­cur­ring rev­enue now stands at £30m, up 100% from 2016.

StatPro con­tin­ues to make en­hance­ments to the Rev­o­lu­tion plat­form, two ma­jor re­leases have al­ready been made live to all clients this year. One area that has re­ceived par­tic­u­lar at­ten­tion is the ex­ten­sion of the self­ser­vice ca­pa­bil­i­ties the com­pany pro­vide to clients. StatPro Rev­o­lu­tion helps clients cre­ate con­trolled self-ser­vice plat­forms where peo­ple can log-in and see port­fo­lio anal­y­sis that is tai­lored to their role.

A key new fea­ture of 2018, avail­able to all clients, al­lows them to cre­ate per­sonal con­fig­urable dash­boards for any­one in their ac­count. This means in­stead of cre­at­ing dozens of static PDF re­ports ev­ery day, users can sim­ply log-in to Rev­o­lu­tion and see daily in­ter­ac­tive anal­y­sis and dis­trib­ute this to in­ter­nal and ex­ter­nal stake­hold­ers. It also means a re­duc­tion of ad-hoc re­port re­quests that need to be man­aged and im­proves the client’s pro­duc­tiv­ity, help­ing them en­hance their ser­vice lev­els.

This fun­da­men­tal shift from re­port­ing to on­line self-ser­vice is like the trans­for­ma­tion seen in on­line en­ter­tain­ment. Net­flix has cre­ated the ul­ti­mate self-ser­vice plat­form for TV en­ter­tain­ment. They can see what con­tent you’ve viewed, and they can rec­om­mend new con­tent based on your view­ing his­tory. This ap­proach can also work with the dis­tri­bu­tion of port­fo­lio an­a­lyt­ics.

Block­buster Video is a good ex­am­ple of the old school method of static PDF re­port­ing. The dis­tri­bu­tion is dif­fi­cult to an­a­lyze. It’s dif­fi­cult to know which re­ports are good, and which ones no­body even looks at. With an on­line self-ser­vice plat­form an as­set man­ager has greater vis­i­bil­ity of im­por­tant port­fo­lio anal­y­sis and there­fore im­proved in­vest­ment de­ci­sion-mak­ing and risk con­trol.

CHANG­ING TECH­NOL­OGY LAND­SCAPES AND STAY­ING FLEX­I­BLE

Many of StatPro’s clients are un­der­go­ing tech­nol­ogy trans­for­ma­tions as as­set man­agers look to be­come more ef­fi­cient in light of mar­gin pres­sure and in­creased reg­u­la­tion.

This was high­lighted by the chief tech­nol­ogy of­fi­cer of Schroders, Ste­wart Carmichael in a re­cent in­ter­view, ‘It’s the need for change that drives in­no­va­tion, and a com­bi­na­tion of fac­tors is driv­ing change in as­set man­age­ment. We’re all aware of the mar­gin pres­sures and bur­dens from reg­u­la­tion, which is cre­at­ing a need for greater op­er­at­ing ef­fi­ciency— tech­nol­ogy in­no­va­tion is the ob­vi­ous an­swer to find­ing those ef­fi­cien­cies.’.

As old tech­nol­ogy is re­placed, the in­dus­try is look­ing to scal­able and flex­i­ble solutions that al­low them to con­sol­i­date and sim­plify their op­er­a­tions. StatPro is at the heart of this.

Many as­set man­agers have old tech­nol­ogy run­ning their per­for­mance and risk anal­y­sis op­er­a­tions. Most have mul­ti­ple sys­tems do­ing sim­i­lar tasks, each cre­at­ing data in their own way, each need­ing sep­a­rate data­bases and all the IT costs that go along with that.

Cloud-based plat­forms like StatPro Rev­o­lu­tion al­low clients to con­sol­i­date sys­tems and re­duce the com­plex­ity in their op­er­a­tions, al­low­ing clients to man­age their port­fo­lios per­for­mance and risk an­a­lyt­ics for all their in­vest­ment types and port­fo­lios in one place.

StatPro con­tin­ues to work with clients to un­der­stand the chal­lenges they face and con­tin­ues to de­velop cloud-based solutions within the Rev­o­lu­tion plat­form. Data man­age­ment, scal­able an­a­lyt­ics and flex­i­ble in­ter­faces are cen­tral com­po­nents to these solutions and through our in­dus­try ex­per­tise and tech­nol­ogy, we con­tinue to lead the way in port­fo­lio an­a­lyt­ics. The Rev­o­lu­tion will con­tinue.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.