Earlier this month, Delta Data announced exciting advancements to its Counterparty Management solution. These enhancements aim to modernize and simplify the relationship between fund distributors and asset managers through the introduction of flexible, automated workflows. This transformation promises to bring much-needed efficiency to processes that have traditionally been manual and resource-intensive.

Streamlining Complex Processes

The newly enhanced capabilities allow fund companies and distributors to automate critical processes involved in managing their counterparty relationships. Key operational areas benefiting from these automated workflows include:

    • Onboarding Agreements: Initiating and tracking onboarding processes has never been easier, reducing the administrative burden significantly.
    • Contract Management: From execution to maintenance, the automated system ensures that all contract aspects are handled seamlessly.
    • Document Management: All relevant documentation is streamlined and centralized for easy access and compliance.
    • Annual Reviews: Oversight and intermediary reviews can be managed more efficiently, ensuring regulatory adherence without excessive manual intervention.

Key Benefits

The integration of these automated workflows offers substantial benefits including:

    • Centralized Document Management: A single compliance-focused repository allows for easier management and access to all communications and documents.
    • Streamlined Processes: User-friendly portals and dashboards enable real-time updates, significantly reducing manual efforts and enhancing internal auditing controls.
    • Improved Collaboration: The new system fosters stronger partnerships by enabling transparent information sharing and clearer communication channels between fund distributors and asset managers.

As Delta Data CEO Cameron Routh stated, “With these enhancements…we empower our clients to reduce costs and focus on what truly matters—building strong, effective partnerships and delivering value to their investors.”

Customizable Workflow Solutions

One of the standout features of the new capabilities is the introduction of individual widgets for each step in the workflow process. These widgets can be added to Delta Data’s workflow library, allowing organizations to select and customize workflows that meet their specific needs. This flexibility is a game-changer for clients aiming to redefine how they interact with their counterparties.

Colt Younger, SVP Head of Product at Delta Data, emphasized the transformative potential of these enhancements: “Our vision is to empower clients to reimagine how they handle every communication process with counterparties…driving greater efficiency and effectiveness across the board.”

These enhancements by Delta Data are not just keeping pace with industry changes—they’re leading the way toward more efficient and effective counterparty management solutions. The future looks promising for fund distributors and asset managers alike, as they can now focus on delivering value and nurturing relationships rather than getting bogged down by administrative tasks.

Learn more about how Delta Data is revolutionizing counterparty management.