Designed to ensure asset managers and hedge funds reduce their costs by 10-30% within a year, Cornerstone is a critical tool for managers to identify the all-in costs in providing key services internally and to clients. Developed over the last 10 years, Cornerstone examines not only a manager's current state, but is predictive in terms of looking at the future. Managers find Cornerstone to be particularly effective for:
➾ Evaluations of significant new initiatives, such as IT upgrades and outsourcing
➾ Budgeting and allocations in shared-services models
➾ Profit evaluation of strategies, products, client relationships
➾ Compensation, including support teams
While Cornerstone employs some activity-based cost analysis, its focus is on the internal and external provision of services, such as client reporting, trade settlement and reconciliation. This service-based approach is designed exclusively for buy-side manager and encompasses overall costs for the provision of each service, including staffing, overhead, IT and benefits.
◁Benchmarking IT Value Service▷