Kurtosys Cloud platform drives core efficiencies to support strategic transformation agenda
"The success of this project has marked an important milestone in our programme of transformation. Working together effectively has helped us to deliver marketing materials into our distribution ecosystems through a scalable and robust model. It is exciting to see that the results of the efforts of our combined teams is delivering a number of benefits to our clients and customers”
- Zoë Hodge, Head of Global Information Provision
Aberdeen Standard Investments (ASI) has gone live with a factsheet document automation platform that is helping to deliver efficiencies, reduce cost and reduce risk across global client operations. The Kurtosys Cloud platform is supporting the delivery of a more integrated, cloud-based approach with considerable data-led benefits.
ASI is dedicated to helping investors around the world reach their desired investment goals and broaden their financial horizons. Kurtosys has supported ASI for a number of years now – helping them integrate following their merger and supporting their global transformation agenda.
With a number of different factsheet approaches in place, the company needed to integrate document automation to create ‘one’ consistent approach globally. Kurtosys were appointed to help ASI to improve and consolidate marketing document automation onto a single platform, across all fund ranges and business lines.
A cross-functional team comprising SMEs from ASI and Kurtosys have worked together to deliver full factsheet document automation across all products – including Quant, Liquidity, OEIC, and SICAV funds. The strength of our relationship and experience of working together has supported effective delivery despite the challenges faced as a result of COVID 19.
Further ranges from North America and Asia Pacific will be implemented throughout 2021. At the heart of the automated solution has been the integration of ASI’s proprietary data service layer with the Kurtosys Cloud.
ASI continues to drive for using Cloud based vendors to support its digital future. Kurtosys have helped reduce cost, increase production volumes and increased capability and reach across all ASI funds. They have also significantly increased the scale and volume of factsheets being produced – moving from Fund to Share Class factsheets with multiple language and country versions now available.
They have helped ASI comply with new regulations, extending language translation across all ASI’s markets and have also helped to deliver revised European Securities and Markets Authority compliant factsheets for all fund ranges. This has included all jurisdictional variations and translations and combined data feeds.
How product and service helped
ASI implemented Data as a Service in the Data Acquisition and Provision layer, which was set up to integrate automatically with the Kurtosys platform. Kurtosys configured:
- An extract, transform, load (ETL) layer to ingest the data
- InDesign templates with component-level, conditional logic to minimize the number of templates needed
- Workflow and approval processes
- Management information dashboards to monitor production runs
- An integrated distribution mechanism to external services such as Fundinfo.
ASI’s Kurtosys platform now generates around 7,500 documents in 11 languages a month, and yields significant time savings for users. The process runs at considerable scale, automating high volumes of documents. It offers re-usable components; straight through data processing; and standardised templates with customized variants to accommodate the presentational nuances of each product range.
The project has used the Agile and Scrum methodologies, with two-week sprint cycles initially. It has enhanced this with a lean, Kanban-style approach during joint user acceptance testing (JUAT). This allowed for faster resolution of issues identified during testing and underwriting, and tight collaboration at time-critical delivery milestones. As a result, ASI have been able to consolidate its vendor footprint, reduce cost, and reduce risk – delivering substantial returns on the overall investment.
Going forward ASI will house compliance approved data in the Kurtosys app which will enable the use of this data simultaneously for other downstream applications and distribution purposes in the future.