Can technology really help me with my RFPs?

Investor demands for data are at an all-time high and fund managers receive various complex and lengthy requests via different channels. Dasseti's research shows that completing a DDQ or RFP takes an average of 16 hours and that DDQs have increased in length by 20% from 2019 to 2022. As a result, investor relations, RFP, and client services teams face a higher workload. These teams already have a lot on their plates, since they must fulfill both client requests and new proposals.

Allocators and consultants want more than just numbers - they want qualitative data too. This could be to prevent data manipulation, but it also adds valuable context and insight. Regulations are further driving complexity. All these factors result in a more complex process for responding to queries, which puts significant pressure on client services, IR, and RFP teams.

Streamline your processes

Hiring more staff is not always feasible due to fee pressures and transparency rules, so teams must find ways to make their processes more efficient or enable their existing teams to achieve more.

Looking to refine your processes and maintain consistency across teams, regions, strategies, or clients? You need to consider automation capabilities and there are various solutions available now. However, the question remains whether this technology is customized to your exact needs and can satisfy the demands of the investment sector. 

From filling out early draft RFPs or DDQs to automating alerts for subject matter experts to update data, automation can save you time and hassle. Plus, with access to industry-specific toolsets, you'll have that extra edge, making it easier to accommodate variations in terminology. 

What kind of solution should you be looking for? 

Many managers and GPs we speak to have already invested in one or more software platforms, hoping it would be the answer they needed. They are reluctant to move large amounts of data from one platform to another even though the current platform isn't meeting their needs. Existing solutions can be cumbersome, but sharing customized data is imperative for maintaining a competitive edge. However, allocators may not accept data sets that don't meet their requirements.

But it's not just about having the right tools - flexibility is key. Technology should be a business enabler that molds to fit your internal processes, and it should flex to meet the needs of allocators, not the other way around. So, is there a platform that can do it all? The answer is yes!

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Dasseti Engage 

Dasseti Engage empowers investor relations, RFP, and client services teams to streamline the distribution process, expedite responses to client and consultant inquiries, and enhance communication. By ensuring that consistent information is delivered to every client, and that fund and company data is distributed in a smart and secure manner, Dasseti Engage provides a unique digital solution for teams seeking to bolster efficiency and drive transformation. Whether working alongside existing RFP tools, CRMs, or Q&A banks, Dasseti Engage extracts, flexes, and publishes data across all DDQs, client templates, and consultant databases in the right format. The end result is an intuitive and dynamic experience for all users. 

Get in touch with us to learn how you can transform the way your Investor Relations and RFP team's work.