Implementing EDM and Line Of Business Solutions – What comes first?

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Investment management firms typically support their business functions with dedicated solutions or services, such as Fund Accounting, Unit Pricing, Front Offices, Performance, etc.

As an Enterprise Data Management (EDM) solution provider, we sometimes see organisations looking to implement their priority line-of-business solution before implementing their EDM solution.

This is not the correct sequence. Any EDM solution worth its salt will assist in integrating and implementing the business system with minimal overhead in implementing the EDM itself.?

Some Curium clients recognised this when implementing Front Office solutions but wanted to avoid point-to-point integration. They selected CuriumEDM to accelerate the implementation of their chosen Front Office platform.

Implementing your EDM Solution first will ensure you get ROI within its first line of business implementation, and any expansion on its usage thereafter will provide a further return. In the case of CuriumEDM, adding DQM, Data Fabric, BI, and Data Governance beyond the initial business solution integration and implementation, plus a raft of business-specific functions such as ESG analytics, and the EDM should provide fantastic future-proofing of your technical environment. ?

Implementing a new business system should be a catalyst for upgrading your EDM capability if it is not already optimal rather than building of sub-optimal point to point architecture.