Data-driven success: About the importance of data quality and quantity in portfolio management

The demands on a portfolio management system are diverse and constantly changing - so is the environment in which it is used. Conventional features such as efficient risk management, real-time performance analyses and customisable reporting options meet the new trends and challenges of our time. A growing awareness of sustainability and the potential of artificial intelligence are mixed with political conflicts and economic uncertainty. What is needed to navigate swiftly here is an application that enables portfolio managers to keep pace with these developments.
In the process of selecting a portfolio management system, it is easy to get sidetracked from what matters most, maybe because it sounds so simple: a complete database with up-to-date information. Even though it is the foundation for all decisions that you need to make!
In an interview with Julian Seyfarth, valued member of the QPLIX Partnerships Team, we focus on how QPLIX builds a data network of the highest density and automates former manual workflows with one central feature: The QPLIX Add-on store.
Have a listen here or continue with our take on the importance of data quality and quantity for successful asset management.
Summary
QPLIX is the single source of truth for your portfolio management. We empower you to establish and maintain a comprehensive data basis that covers all asset classes. Transaction data, quote information and master data can be recorded in any level of detail, mostly automatically. Not only do you benefit from high data density, but you can also be sure that this data is up to date and of high quality. You can transfer all data operations to QPLIX and devote yourself to your core business with ease.
Level up: market and custodian data for all asset classes
Imagine a universe in which all asset classes can be mapped comprehensively. Regardless of whether they are liquid or illiquid, a security or an alternative investment, publicly traded or reserved for certain investors. All without losing information through over-simplification.
The QPLIX portfolio management software enables you to do just that. Nineteen different asset classes are offered here, including bank accounts and equities, but also real estate, direct holdings, private equity and individual collectibles. To generate the comprehensive database you require, your single source of truth, two central components are needed: A pool of master data and up-to-date quotes, as well as custodian data (and transaction) information.
Market data: Unlimited information access
You may enter any amount of relevant information for each asset class. These are tailored to the respective type. Are you interested in the current rating of a security or its ESG classification? Would you like to highlight the geographical distribution of your real estate portfolio or find out which sectors an individual private equity fund is invested in? No matter what level of detail strive for, the possibilities are endless. And if you are not yet convinced: QPLIX comes with an extensive, ever-growing ecosystem of market data providers, including LSEG, S&P, MOODY'S and ISS ESG. Liquid assets are automatically supplied with a vast amount of information and reliably updated. This also includes up-to-date quotes as well as information on dividends, coupons and more.
The result: comprehensive data density that can be easily used for all analyses and reports in the subsequent process.
Custodian data: Quantity meets quality
Of course, this richness of information on individual assets is of no use without knowing how they are actually allocated. Custodian data, containing information on your actual transactions per portfolio, is vital here. Similar to the market data, all transactions that can be recorded per asset class in QPLIX are precisely tailored to this asset class. Interfaces to over sixty banks ensure minimal manual effort in the representation of assets. At QPLIX, we are pushing boundaries each day in our mission to meet the requirements of new and existing customers. We previously praised QPLIX as a central platform for depicting all asset classes. Accordingly, we not only ensure automated processes in the area of liquid assets. By developing an in-house, standardised interface format, the first illiquid assets can already be automatically supplied with transactions of selected types.
In portfolio management, not only the quantity but more importantly the quality of your data matters. To ensure this, we offer an efficient reconciliation tool with which you can centrally check the completeness and correctness of all data – and all the stars will align. Alternatively, you can leave the daily imports and reconciliation of your data in the trustworthy hands of our Q-Data custodian data service. We take care of retrieving your custodian data from all custodian banks, as well as standardising and checking the information provided.
The result: you can rely on fully reconciled data in your QPLIX system.
Contact us at partner@qplix.com to unlock the full potential!