Door has recorded almost a 100 percent increase in information updates during the pandemic period from asset managers who want to streamline their processes and automate the distribution of due diligence information as they respond to the challenges caused by Covid.
Fremont, CA: RocketDocs and Door have partnered up on a new service that allows asset managers to streamline the information exchange with their clients while finding greater efficiencies in overall data management. Door would now monitor RocketDocs for live updates to information on asset managers' investment strategies, which are then sent in real-time to Manager Research Teams.
This means asset managers can now offer live data for investment research and due diligence, saving time as well as ensuring resilient distribution of content, critical for clients in managing risk.
Door has recorded almost a 100 percent increase in information updates during the pandemic period from asset managers want to streamline their processes and automate the distribution of due diligence information as they respond to the challenges caused by Covid.
Similarly, RocketDocs has seen a marked increase in the volume of DDQs and RFPs during the pandemic. This integration enables asset managers to update content in one location that can automatically be used with Door and in other RFIs, RFPs, and DDQs.
Before the COVID pandemic, a Casey Quirk industry study discovered that 34 percent of distribution leaders already labeled technology investments as their number-one priority1. The pandemic has boosted this digital trend as firms adapt to a world where home working is the norm.
"Asset managers have established workflows and systems to manage and control their own data. By connecting to that ecosystem, we can save our asset managers even more time externalizing that data to their wealth management clients," he stated.