IMD & IRD Awards 2022: Best enterprise data management initiative—Rimes

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OVERVIEW

QSuper, an Australian superannuation fund, selected Rimes Data Management solution to underpin a long-term data strategy project to significantly improve its investment data quality. 

“We not only manage $100 billion in assets for our members, but we also have access to $100 billion worth of data, which we can draw upon to help improve our investment decision-making process. We needed to establish a strategic partnership with a firm that understood the challenges that asset owners encounter in managing core data. It was advantageous that the platform leverages modern technology, utilizing cloud services. Having evaluated a number of system providers, this solution was the closest fit for our needs. Choosing the right technology was key; however, we were also looking for a company that had proven experience in solving the data challenges faced by asset owners, which was the deciding factor.” 
Rein van Rooyen, head of investment performance and operations, QSuper

THE SOLUTION

Rimes’ platform was selected due to its integrated operational data store, data warehouse, and Power BI integration for exposure reporting. In addition, the system’s full “look-through” capabilities across QSuper’s fund structure and its strategic alignment with Microsoft were also crucial differentiators.

The project started in early 2021, with fast time-to-value and despite the problematic global situation, provided: improved data quality, auto-generated complete look-through, rapid loading of data, improved security mastering, circuit-breaker functionality, and the ability to consolidate multiple static datasets (portfolios) in one location.

WHAT’S TO COME

Rimes is creating a common view of many diverse sources of ESG data, enabling customers to understand different nuances and the level of confidence they should have in the source.

Rimes is broadening its data distribution channels at a platform level, enabling the firm to respond to its clients’ needs rapidly. The company will continue investing in operational tooling and workflow optimization, making substantial and sustainable productivity gains in its client and data servicing front lines with new technology.

WHY THEY WON

The team behind Matrix IDM, now part of Rimes, know a thing or two about enterprise data management. After all, they were also behind Cadis, arguably the buy side’s most successful ever EDM platform. Much of their focus is now on the Australian superannuation fund industry, which led to it winning this category in this year’s IMD & IRD Awards. The Rimes Data Management platform provides QSuper with improved data quality and portfolio/fund look-through, allowing it to fully understand the performance metrics and risk exposures of the underlying assets within its portfolios.               

“QSuper is a flagship organization in the investment community and for them to put their trust in us and our technology was an incredible compliment. The project from start to finish has been challenging but also very rewarding. This implementation marked a milestone in our company evolution, with our technology and team being tested on all fronts. I am delighted with what we have achieved and ultimately have armed QSuper with a modern, flexible, and scalable solution. The hard work doesn’t stop here—there is still so much to do to further empower their investment teams with data that enables them to make the best possible decisions.”
Stuart Plane, head of investment intelligence, Rimes

 

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