Room Zero, the enterprise analytics platform for asset managers, announced that Aviva Investors has successfully gone live with its platform, bringing together the client intelligence required by Distribution with the financial reporting, revenue analysis and business insight needed by Finance and senior management.

Read More on Fintech : Global Fintech Interview with Andy Jiang, Head of Product, Slash

Delivered on time and on budget, the implementation provides a single, governed view of assets under management (AUM), assets under administration (AUA), flows and revenue across the business. It has already enabled Aviva Investors to produce half-year reporting figures seven business days faster, reduce manual effort and retire legacy systems and associated costs.

Unlike solutions focused on individual business functions, Room Zero combines Client Book of Record (CBOR) and 360-degree client intelligence for Distribution with the robust financial reporting and revenue analysis required by Finance. This gives senior management a consistent view of commercial and financial performance, with all teams working from the same underlying numbers.

The platform also addresses the complexities of institutional asset management, including multi-entity structures, public and private assets, cross-holdings and group reporting requirements. For private assets, this includes reporting views of committed and invested capital. At Aviva Investors, the platform also supports more efficient and consistent reporting through to Aviva plc.

“As we continue to expand our use of AI technology to streamline processes and improve efficiencies across the business, having infrastructure in place that provides a clear and consistent view of AUM, flow and revenue information in a time-efficient manner is incredibly important.

Source link