Real-time data validation in fund documentation
In an era where timely and accurate fund updates are crucial, even significant market movements no longer pose a crisis for top asset managers, thanks to cutting-edge solutions like Factsheet Production. Discover how proactive data management and real-time monitoring are revolutionising document production, ensuring seamless updates across multiple markets - learn more about this in this article and explore this transformation in our product demo.
On month-end reporting day, a significant market movement affects your fund's performance figures, requiring updates to fifteen different factsheet versions across seven markets before the next day’s deadline. In the past, this would have triggered a crisis. Today, it’s a routine task for leading asset manager.
Laura Larriba, FE fundinfo’s Document Production Product Manager, describes how this transformation plays out within Factsheet Production: "The data readiness widget linked to our data monitoring feature... checks data points such as breakdown data or fund sizes, and they are monitored in real time."
This shift from reactive to proactive data management represents an evolution in factsheet production. Instead of discovering discrepancies after publication, modern systems actively track data quality throughout the production process, transforming the way asset managers handle time-sensitive documentation.
Consider the practical impact. "Data is ready for completion, this means all monitored data has been updated with the latest information. An updated draft is ready to be generated," explains Larriba. Nexus doesn't just wait for data - it actively monitors its arrival, quality and impact on existing documents.
When data gaps appear, the system responds intelligently. Rather than halting production entirely, it provides strategic options. Larriba notes, "If a draft document was created when not all the data was received, the system will notify if there is more up-to-date data at any time."
Modern validation extends beyond simple data checking. "We can check percentile changes out of a certain threshold. We can check narratives, whether it exceeds a number of characters, whether there are some data fields that come in blank," Larriba explains. This comprehensive approach includes comparative analysis against previous versions, threshold-based alerting for significant changes, narrative validation and automated compliance checking.
For asset managers facing increasing pressure to produce more frequent, accurate updates across multiple markets, this evolution in data validation helps with maintaining a competitive edge in a market where speed and accuracy matter most.
Document Production is now live within Nexus. Watch our promo demo now.
