Is thinking about an IBOR keeping you up at night?


While the term IBOR has a relatively short history, the concept of an investment book of record (IBOR) has been around for quite some time. Historically all sorts of solutions, manual and otherwise, have been designed to give investment managers real-time visibility to improve decision-making.

The term “real-time” is arguably a main driver behind why an IBOR is so essential. Aggregating position data in a timely fashion has often been hindered by the need to pull data from multiple, separate platforms. Enter the IBOR – the reason this labor doesn’t have to be a manually grueling, time-consuming task. The IBOR automatically centralizes a firm’s holdings data, processes trades, and spits out updated reports in real time.

It’s a single version of truth, the gospel, the manifesto. Whatever way you want to think about it, an IBOR is a holistic view of your day.

Martin Engdal recently showed his IBOR chops in a Waters Technology Special Report. Our Director of Market Strategies and Solutions Marketing had some vital points to share in this Q&A . I encourage you to check it out if you’ve been debating the business advantages offered by an IBOR platform.

Since joining Advent earlier this year, Kendall has leveraged her passion for writing along with her background working with enterprise cloud technologies to strengthen Advent’s external communications.

Posted in Traditional and Alternative Asset Management
2 comments on “Is thinking about an IBOR keeping you up at night?
  1. ruchira says:

    With a IBOR in place do we still want another ABOR.Can IBOR do function of a ABOR as well?

  2. I asked Martin Engdal, Advent’s IBOR expert, and here’s what he had to say:

    “Yes, an IBOR solution includes all the functionalities seen in ABOR solutions and much more. Simply put, IBOR offers the prospect of position data that is both timely and complete. And with the industry now moving towards implementing a single accounting system, whether in-house or outsourced, to help streamline processes and reduce systems cost, an IBOR is quickly becoming a necessity for firms

    Traditionally, the front office has relied on portfolio accounting systems (ABOR systems) in the back office to supply the position data needed to make investment and trading decisions. However, the differing priorities and workflows of these two parts of a firm mean they are not always in synch, and a growing number of firms are seeking to reconcile the differences between their front and back offices by creating an integrated IBOR solution.

    There is a growing belief that the accounting-centric architectures (ABOR systems) that investment managers have relied on for years may be coming to an end. IBOR presents the opportunity not just to update existing technology but to overhaul it completely and hence their isn’t a need for a separate ABOR solution as it is included in the IBOR. By implementing an IBOR system, firms will benefit from a simplified but reliable approach to both daily processing cycles and technical architectures.”

    ABOR: The Accounting Book of Record (ABOR) is the investment book that supports the back office operations. In most cases, the ABOR is maintained by an outsourced provider and is typically the official book of record which is the basis for financial statements and is audited annually.

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