Invest through digital transformation in four steps
Using the next four steps in digital transformation will again enable you to do what you do best: investment.
1. Have a clear digital vision
Everybody in your organization need to be working towards the achieving the same goal. Employees have to act accordingly, and management has to invest accordingly. Having a clear vision and focus are the first step in your digital transformation
2. Organize your investmentdata
Make sure your data is well modeled, governed and managed. Try to automate the data processing as much as possible, and perform exception-based controls.
3. Take a good look at the current investment processes.
Processes that are handed over from one colleague to another quickly become outdated, prone to human-error and cluttered. Provide yourself and your organization with ample team to redesign these processes.
4. Apply the right investment tools
By using the latest technology small bits of software can be applied to automate the investment process.
Digital transformation is not the end-all solution. However, it will support the investor in doing what he or she does best: investing.
Melinda Rook is a senior manager in the KPMG Asset Management Advisory team. Want to know more? Then contact us..