Financial Asset Managers Enables Seamless Collaboration with FAST™
Challenge: Creating a Seamless Centralized Environment
For StatePlus, centralization is key. As a financial services company, their day-to-day operations revolve around centralization and collaboration between offices on detailed financial data. However, financial data sets require precise and regular updating, so if users can’t communicate between company offices it poses serious operational risks. This is especially true when it comes to file version differences, as users might overwrite changes made to documents, resulting in a loss of all changes by other users.
This creates a host of challenges for StatePlus in maintaining a consistent data set. With most of their data being financially based, they always need to ensure it’s accurate, but without a strong centralized collaboration environment, it’s nearly impossible. Unfortunately, StatePlus was experiencing major delays and poor response times between offices, which slowed down production and had the potential to severely impact a customer’s financial holdings. Unless they updated their current storage infrastructure to better fit their business model, they were going to continue having consistency challenges.
Solution: Collaboration and Consolidation with FAST™
For most financial businesses, a cloud storage platform is perfect for sharing and updating the host of financial data sets they need to manage. While updating on-premise hardware might provide some minor improvements, improving collaboration between branch offices would have better results across the board. On top of that, centralizing all the data into one cohesive file share would allow users to access, update, and share financial data sets without worrying about file versions or WAN speeds. Improving centralization and collaboration with FAST™ doesn’t require any investment into additional hardware, so it was perfect for StatePlus.
By moving all existing data into the cloud, StatePlus could provide unfettered access to all data sets to every user around the world. This would cut down on on-premise storage costs, removed the need to maintain upkeep on a large data center, and ensure that there was no risk of data loss from data isolated in branch offices. With FAST™ in place StatePlus can now provide a better financial management experience to all its users and clients. Now that the time sensitive nature of financial data is no longer an issue thanks to FAST™, StatePlus users can send out incremental updates based on financial market shifts without needing to worry about upload time or file versions.
“We love FAST™. It’s done so much to improve our productivity and accuracy. Before we would struggle to share files or keep up with changes, and so we could often make mistakes due to files being incorrectly overwritten. Now, we don’t need to worry about that at all. Between FAST™ and the Azure cloud, we’ve got a storage solution that can scale alongside us and provide lightning fast response times.”
To learn more about FAST™ and the benefits it provided to this company, read the case study below.
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