Top 5 EU Fund of Funds Experiences 5x more efficiency with CENTRL’s AI solution, CentrlGPT

Client:

Multi-Asset Manager is an arm of a multi-billion dollar global Insurance entity that operates as a fund of funds for the Insurance Group with offices across Europe and Asia.

Business Challenge:

• A small team stretched too thin already
• Struggled to keep up with growing and changing oversight expectations and legacy manual ODD processes
• Recognized that processes could be more robust if they had more capacity for qualitative engagement with investment managers, rather than rely on secondary data
• Disparate data not centralized in one place evoked frustrations across teams

Solution:

• Implemented DD360 platform configured to its specific workflows and processes, “DD360 works for us, instead of us working for DD360”
• Database flexibility and deeper insight & analytics with all ODD data in one place
• Direct and seamless communication with managers in the platform improved relationships with managers, ensuring clear directives
• Able to benchmark across managers with the same strategy, helping with decision process to invest or disinvest with certain managers based on key data points
• Implemented CentrlGPT functionality to quickly evaluate how DDQ questions were written and make adjustments for better outcomes and decreased response times
• Ability to prioritize critical responses and take action with CentrlGPT
• Able to “slice and dice” data quickly to create robust investment committee reports previously difficult to aggregate
• Detailed history and audit trail, including details behind actions taken

Impact:

• Customized scoring enables auto-evaluation of over 90% of submissions
• 5x more efficient with internal reporting and audit requirements
• 85% cost savings over previous ODD approach
• 100% transparency across internal teams, removing data silos
• Increased DDQ reviews to 2-3 DDQ’s per day using CentrlGPT versus 1-3 days to complete a single DDQ
• Manager response times decreased by 75% allowing for more reviews in a shorter period, without compromising accuracy.