Legacy vs. modern: A tale of two factsheet production approaches
Fewer resources, better results? Most firms today seek ways to reduce costs while streamlining their operations. As a provider of factsheet production solutions, we've seen firsthand how a firm's approach to resource-heavy administrative tasks—like fund factsheet production—impacts their success.
The way a company handles these essential but time-consuming processes affects everything from team productivity and resource allocation to market penetration. Simply put, the gap between traditional and modern approaches to factsheet production can determines a firm's competitive edge.
The legacy approach is manual and resource-heavy
Consider this common scenario: Your team dedicates the first week of every month to factsheet production, trapped in a cycle of manual processes that drain valuable resources. Days are spent meticulously gathering data from various systems, carefully entering information into spreadsheets, and running multiple rounds of accuracy checks before finally formatting reports for distribution.
This familiar approach introduces significant vulnerabilities into your operations. The increased potential for human error, combined with delayed distribution of critical information, creates a constant strain on internal resources. Moreover, firms on the legacy path struggle to adapt quickly to all-too-regular regulatory change and end up at competitive disadvantage.
Automated, efficient and modern approaches to fund factsheet production
Conversely, more progressive firms are embracing a fundamentally different strategy, leveraging specialised solutions that transform their factsheet production process. Using well-placed automation, these organisations establish systematic verification processes that ensure accuracy while dramatically reducing manual intervention.
Document formatting becomes streamlined and consistent, and real-time updates enable quick adaptability to changing market conditions and regulatory requirements. This approach represents a paradigm shift in how factsheets are produced and offers a clearer path to the operational efficiency required to remain competitive.
Factsheet production and performance. Are they linked?
The contrast between these approaches extends beyond operational efficiency. Firms stuck in legacy processes face mounting challenges as clients grow frustrated with delayed updates, accuracy issues tarnish their reputation, and limited capacity for scaling operations constrains growth. The constant resource drain on core business functions compounds these issues, creating a cycle that becomes difficult to break.
Meanwhile, organisations that have embraced modern production methods tell a different story. They build trust and satisfaction as their clients experience consistent, timely delivery of factsheets. Operations scale smoothly without proportional cost increases and freed resources can be redirected toward growth-driving initiatives. Perhaps most importantly, these firms position themselves as forward-thinking leaders in an industry where reputation and reliability matter most.
Time for transformation?
The choice between remaining tethered to legacy processes and embracing modern solutions is clear. As the investment landscape grows more complex and client expectations continue to rise, the ability to produce accurate, timely and on-brand factsheets efficiently becomes increasingly crucial to success.
If it’s time to modernise your factsheet production, download our comprehensive guide, Mastering Fund Factsheets to learn more about implementing efficient production methods that can transform your operations:
