Portfolio Monitoring & Data Outsourcing: What’s Best for Your Business?

For many managers today, the list of issues is long: Silos.  Disparate systems. Legacy software that you don’t want to give up. Excel spreadsheets scattered on shared network drives. Individual hard drives destroying your information landscape — despite countless emails asking (or even demanding) that users adhere to policy. Some (or all) of these issues lead to frustration for upper management, who can’t seem to get a consolidated portfolio report that makes sense. So what can you do? Before we answer that question, let’s take a moment to recognize why your portfolio monitoring is so important. Portfolio monitoring — and why you need It Portfolio monitoring is no longer an optional convenience in your overall corporate strategy. In today’s market environment, it is becoming a critical component of successful businesses. Technology professionals are under increasing pressure to operate more effectively. And there’s a growing focus on streamlining operations and reducing costs. Relying on a stitched-together package of manual Excel spreadsheets doesn’t cut it anymore. The industry is starting to understand that data — by itself — is actually useless. But when you’re able to organize data into relevant, actionable information, then you have a valuable commodity. That’s portfolio monitoring — turning numbers into insights. Armed with these insights, you can make strategic decisions with confidence. Can you look at a consolidated report and say where everything came from? Most large corporate companies cannot. This problem is mainly due to that long list of issues above. And to handle those issues, you may want to consider outsourcing. Why outsource? In these times of economic instability, corporations need to be flexible — especially when it comes to staffing. Hiring a full team to handle your essential portfolio monitoring needs might not be the most cost-effici...