Benefits to Consider When Writing a Business Case
1. Competitive Advantage
Your organization must be aware of its differentiators and how it manages risk. Investing in modern technology provides a platform to build in service excellence, as well as placing you in a solid position to demonstrate consistent and repeatable processes. You also want to show that you are forward thinking and have the tools and information available to be innovative.
2. Maintain Market Share
Existing and prospective investors will place increasing demands on you with regards to information requests and reporting. You need to be able to prove that you can react to these changing demands by demonstrating efficiencies rather than requiring increased head count.
3. Peer Companies
Peer firms which are not embedded in legacy systems and are set up with the right tools to dazzle new investors are setting the expectations, you cannot afford to be left behind the curve.
Asset Managers need modern tools at their fingertips to interactively walk through scenarios and portfolios with Fund Managers and Investors wherever they are. Taking spread sheets or reams of paper to on-site meetings to show the status of assets will not be received in the same way.
5. Staff Retention
Your staff will be much happier working in an environment where you demonstrate that you are a forward thinking organization that invests in the right tools. Having the right tools enables your staff to add value rather than spending time on manual or low-value tasks.
Make sure you check out The Eight Steps to Structuring a Business Case Successfully here.