Streamlining SMA Conversions
SEI’s conversion model is the industry benchmark for efficiency.* Our streamlined approach to conversion combines SMA knowledge and comprehensive processes with technology.
Challenge: Manage the transition with minimal complexity
SMA conversions can get weighed down in multiple rounds of communication between the outsourcing provider, portfolio management vendor and the firm’s internal constituents:
- SMA managers assign a project manager to coordinate efforts
- All stakeholders must understand the client’s original configurations
- The complexity of the process is determined by the number of client and sponsor interfaces for integration
Approach: Project management and automation from SEI
- SEI acts as project manager and conducts a 3-5 day discovery process onsite
- You see all possible configurations via an SEI application
- Your information is sent electronically and automatically uploaded into our systems
- A proprietary tool maps data for each interface, pulling codes from our repository of more than 80 interface requirements
- Automated clean-up processes run during conversion
Benefits:
- You save the expense of hiring or transitioning an employee to manage the conversion
- Your custom processes are built into the workflow tool
- Eliminate manually coded requirements, which can lead to errors
- Better communication, thanks to one central database for your requirements
- No time wasted manually matching old codes to new ones
- The portfolio management vendor can spend time implementing coding, instead of researching how data sets will convert
- Corrupt data fields and duplicate coding issues are reduced or eliminated
We’ve converted up to 10,000 accounts in less than 90 days, all while saving managers time and resources and reducing the chance of errors.
* As recognized by the 2007 SourceMedia Fund Operations Awards