Case Study: a Chicago-based asset manager saves time and costs with FundApps cloud-based compliance services

a Chicago-based asset manager saves 1,050 hours a year with FundApps

A Chicago-based asset manager with $123 billion in assets under management was frustrated with its resource-heavy, on-premise compliance solution. The manual processes and time-consuming rule updates required significant IT support, and the small vendor posed a key-person risk. They sought a cloud-based vendor with robust support and chose FundApps for its automated Shareholding Disclosure and Sensitive Industries services.

FundApps implemented its cloud-based platform, which seamlessly deploys rule updates and includes a community forum for users. This saved the client's IT team 1,050 hours per year previously spent on maintenance and rule deployment, and eliminated over $20,000 in annual server costs. The compliance team also gained peace of mind through dedicated account management and access to a network of experts.