To answer simple questions, you need good organization

If you are managing complex financial data as a hedge fund, asset manager, or any number of structured finance products, you want to have certain simple questions answered quickly and at any time.

Perhaps it's an investor calling who is concerned about your exposure to an industry, or to a particular name.

"What's your exposure across all your investments to X ?"

Simple question. Now how are you organized to be able to answer that question?

The standard response would be - let me get back to you and then you turn to your team to dig into their excel spreadsheets to figure it out.

Excel is a great tool. It is my favorite solution as a flexible scalpel that allows for powerful calculations of data.

However, if you want to organize your data across multiple investments that do not lend themselves to a simple chart, a database product would be a better tool. And if you want to have multiple staff access it at the same time while allowing management to run reports that answer the simple questions instantaneously, a web based database application makes the most sense.

With a web based application, you would be able to give your investors access to certain details so they can answer the questions themselves.

This type of data empowerment makes simple questions that are essential to your business - easy to answer.

To empower your data, you have to organize it well. Our next article discusses how to organize your data in a way that makes your investors go "wow".

Clevertech provides cutting edge custom web application solutions that leverage database technologies and combined with our own experts who have a knack at organizing client data. Call us to schedule an appointment to discuss your data needs at 516-869-4970.