Case Study: State Street achieves real-time, 30x faster NAV processing with OpenText Analytics

e.Spreadsheet Helps State Street Corporation Navigate Its Wall Street Duties

State Street Corporation, a global financial services leader with $6.3 trillion in assets under custody and $808 billion under management, faced a daily end-of-day bottleneck: its Global Investor Services Group had to compute Net Asset Values for roughly 40% of mutual funds and report them to markets and NASDAQ on a tight schedule. Accountants were forced into slow, error-prone dual data entry each afternoon, threatening the speed and accuracy required for same‑day reporting.

To fix this, State Street built NAVAlert using Actuate’s e.Spreadsheet—an embedded, API-driven spreadsheet engine—to route transaction data to desktops via publish/subscribe and eliminate duplicate entry. The result was real-time reporting with “minimal recalc,” up to 30× faster processing, exception-based workflows, far less clerical work, improved analyst productivity and more reliable, timely delivery of NAVs.

State Street

J. Kavs

Vice President