The Evolution of Document Authoring Solutions

Apr 14, 2016 6:30:00 AM / by Ken Stearn

Topics: Fund Document Automation, Streamline Fund Documentation Creation

I’m going to continue with drawing parallels between Satnavs, the way that technology itself evolves, and how even incremental change can make a difference in your day-to-day life.

Let’s consider the way that Satnavs evolved and compare that to document authoring solutions.

After the Motoring Atlas in the car came the first generation of consumer Satnav devices. The coverage and accuracy of them were OK but didn't stack up against the level of detail you could get with a map. They weren't really great on the graphical interface and certainly no match for the tactile experience you’d get from looking up a destination in a Motoring Atlas.

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It's Hard to Admit, but Sometimes You Have to Stop and Ask for Directions

Apr 11, 2016 6:30:00 AM / by Ken Stearn

Topics: Fund Document Automation, FinTech

Recently, I was travelling. I was away from my neighbourhood and whilst I was in an area that was somewhat familiar to me, it wasn’t somewhere that I knew intimately. I started thinking about how before Satnavs came along, everyone would carry maps in their cars. This would usually allow drivers to navigate from one big conurbation to another, but that last few miles were always a challenge.

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“Using a Financial Printer” is on the List of Things We Used to Do

Mar 14, 2016 6:00:00 AM / by John Bartlett

Topics: Fund Document Automation, FinTech

Just this week the subject of dealing with a financial printer came up with several financial reporting teams. On two different occasions, teams told us that somewhere around 10-14 days before filing, “we send the document to the printer.”

When I asked why, they looked at me and said, “Well, we have to get it typeset and filed.”

Then I asked how long it takes. They said, "Usually two days to get the first proof back, and then we turn the document two or three more times."

I was shocked. Even more so when I heard what it cost them.

Finally, I asked if they thought this process worked. They said, “Well, no, but what choice do we have?” 

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Reinventing the Wheel - Literally

Mar 10, 2016 5:30:00 AM / by Steve Castle

Topics: Fund Document Automation, FinTech

We hear the term “re-inventing the wheel” all of the time. It's a term used so loosely, and the phrase has all but lost its impact.

Until you consider, that Goodyear has actually gone and done it.

They have created a spherical wheel: the Goodyear Eagle-360. It looks like a big rubber ball and here’s a picture to prove it.

Of course, it's just a concept. The maglev drive they need to make the wheels rotate doesn’t actually exist yet, but it probably will soon, given the amount of money that is being thrown at it.

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Financial Management Companies Debate Growth Strategies

Mar 4, 2016 5:30:00 AM / by John Bartlett

Topics: Fund Document Automation, Streamline Fund Documentation Creation

There are interesting debates these days. Cut cost or invest in growth? Outsource vs. keep in-house?Where does scalability fit into this discussion?

I saw this in Ignites last week:

"Market volatility … causes us just to look at our entire business, all the business processes, all the business lines, and rationalize everything…. " said CFO Ken Lewis on an earnings conference call earlier this month. See the article in Ignites.

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State Street Will Save $550M Through Automation – Does Our Conversation Begin and End Here?

Feb 11, 2016 5:30:00 AM / by John Bartlett

Topics: Fund Document Automation

OK, true confession: I am an Ignites junkie. Did you see this article last week? It made my stomach turn a bit – the hard and cold realities of business.

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Navigating the Next Industrial Revolution

Feb 4, 2016 5:30:00 AM / by Bill Kinnard

Topics: Fund Document Automation, FinTech

Two weeks ago many leaders from countries and organizations throughout the world attended the World Economic Forum Annual Meeting in Davos, Switzerland. The 46th annual conference attracted 2,600 attendees, including government, regulatory and corporate leaders. A key agenda segment of the conference included a theme entitled Mastering the Fourth Industrial Revolution. It considered how technological changes will alter the way we travel, live, work and do business.

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If Jon Stewart Can Burn Out at His Job, Your Team Can, Too

Feb 1, 2016 5:30:00 AM / by John Bartlett

Topics: Fund Document Automation, Streamline Fund Documentation Creation, FinTech

August 6, 2015, was Jon Stewart's last time hosting The Daily Show. After 16 years he was burned out and quit. A real loss for American television, but I get it. It happens to all of us.

In the real estate business there is a term – HIGHEST AND BEST USE – defined as the best reasonable and legal use of real estate that is possible, which if supported and is financially feasible, results in the highest value returned.

One of the strongest intellectual drivers people have is to do something well – to master something. We are born with this need. When employees feel they have mastered their jobs, their performance will skyrocket. Finding a good fit between an employee’s natural ability and interest, and the requirements for the job is crucial to meeting the master need.

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Chocolate Flavoured Beer and Ultimate Disappointment

Jan 25, 2016 5:30:00 AM / by Steve Castle

Topics: Fund Document Automation

So I arrive in Boston, a frequent destination of late. I do the usual – a cab to the hotel and unpack-ish. I am five hours off, so my aim is to stay awake until 9:00 p.m. local. Sometimes it works, sometimes it doesn’t.

Anyway, I end up in a bar – shock horror for all you travellers. They are serving a Chocolate Porter as a special and didn’t it actually taste of chocolate, so two cravings served in one friendly pint-size package.

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Why Bad Software is Like a Stupid Tattoo

Jan 21, 2016 5:30:00 AM / by Steve Castle

Topics: Fund Document Automation

There is a show on TV at the moment called Tattoo Fixers. It is about people who get really bad tattoos and then decide that they need to cover them up. It’s a great show – the fixers are masters of their craft and very talented, and the individuals are apparently looking to sort out their mistakes.

So what has this got to do with bad software?

Bad software is like a bad tattoo: ill-conceived, painful, not pretty to look at, and oh, it doesn’t have the effect that it was intended to have.

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