Operational Excellence Articles

5 Reasons Why You Should Reassess Your Dependency on Spreadsheets
5 Reasons Why You Should Reassess Your Dependency on Spreadsheets

Spreadsheet Dependency Dependency on spreadsheets exposes an investment services firm to risk, especially when they rely on spreadsheets for their business-critical functions (such as managing their incentive compensation program). If spreadsheets play an integral role in your daily operations and are part of manually intensive processes, then you should assess this dependency and its inherit […]

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Eliminate Shadow Accounting with Incentive Compensation Management
Eliminate Shadow Accounting with Incentive Compensation Management

How much time does your advisor team waste on shadow accounting? In the world of incentive compensation, shadow accounting is the process in which a salesperson tracks their production separately, creating and maintaining a parallel record so that they can double-check their incentive compensation payout.   Shadow Accounting Drains Time and Resources Shadow accounting impacts […]

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4 Ways to Improve Your Firm’s Month-end Close Process
4 Ways to Improve Your Firm’s Month-end Close Process

Improving the Monthly Closing Process The month-end close process for broker-dealers is anything but simple. Intricate commissions and incentive compensation plans, plus regulatory oversight add to the already complicated, tedious process. Poorly executed procedures can be detrimental to a firm. Making sure advisors are paid accurately and on time plays a crucial role in retaining […]

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