Market Scan 2.0 vitec cockpit alt

Part
01
of three
Part
01

Vitec Cockpit / Portman Alternatives, Part 2

SS&C Technologies, Inc., Miles Software, and Comarch SA are some of the competitors to Vitec Cockpit / Portman that provide live reporting and dashboard capabilities to investment clients and their advisors. The required information for SS&C Technologies, Inc., Miles Software, and Comarch SA have been provided on rows 8-10 of the attached spreadsheet.

Summary of findings

  • SS&C Technologies, Inc. offers cloud-based solutions for investment and financial firms across the world, and its services include technology-driven solutions for asset management, wealth management, insurance, and property management.
  • Miles Software’s technology-driven product MoneyWare addresses end-to-end operations of wealth, asset and portfolio management firms and its clients include family offices, private banking institutions, brokerage firms, trust banks, and asset management organizations.
  • Comarch is a novel IT solution provider for multi-disciplinary industries such as banking, petrol stations, telecommunications, and insurance, and it provides solutions such as ERP business management systems, network infrastructure management, business intelligence, data analytics, IoT solutions, and CRM.
Part
02
of three
Part
02

Vitec Cockpit / Portman Alternatives, Part 1

Three competitors to Vitec Cockpit / Portman that provide live reporting and dashboard capabilities to investment clients and their advisors include Quicken Premier 2019, Personal Capital and Mint. The information needed has been completed in the attached spreadsheet.

Competitor 1: Quicken Premier

  • Website: The website can be found here.
  • Overview: Quicken Premier offers an online app and portal for on-the-go money management. Reports generated by Quicken Premier include capital gains, performance versus the market, rate of return, cost basis, investment transactions and tax reports, among others.
  • Quicken Premier offers a comprehensive financial management portal which provides an overview of checking, saving, debt and investment accounts.
  • Quicken Premier only enables direct sending of Email reports and does not support video, text chat or screen sharing with advisors.
  • Quicken Premier allows users to see realized and unrealized gains and continuously updated quotes.
  • It enables view of continually up to date data across desktop, web, and mobile.
  • The company investment management provides a feature for risk/return analysis.
  • The Portfolio X-Ray tool integrated with Quicken Premier provides a detailed drill down into the client's overall diversification and portfolio characteristics.
  • Quicken Premier enables clients to see scores of money and investment management reports with deep level customization options.

Competitor 2: Personal Capital

  • Website: The website can be accessed here.
  • Overview: Personal Capital, a free investment and portfolio management software allows mobile and computer access with a load of features. The Personal Capital finance dashboard incorporates all the user’s bank, investment accounts, credit card and gives a 360 degree view of how the user’s investments are performing.
  • Personal Capital allows clients to link all of their accounts and provides a clear real-time view of their entire financial investments.
  • Personal Capital allows text chat with advisors.
  • The company enables a real-time view of updated reports.
  • It enables a real-time view of client's investment performance.
  • Personal Capital provides a feature for risk analysis.
  • The use of Personal Capital may require clients to field a call from a Personal Capital representative.
  • Personal Capital offers a personalized dashboard.

Competitor 3: Mint

  • Website: The website can be accessed here.
  • Overview: Mint, an investment and money management web-based software, allows quick linking to accounts and provides an easy overview of user’s financial picture. Mint tracks all the financial accounts including banking, credit, investment and retirement. Mint’s online portal offers tips and advice for both active and passive investors.
  • Mint tracks all the client's financial accounts including credit, banking, investment and retirement.
  • It does not give clients a better way to communication with their advisors through the reports such as video, text chat or screen sharing.
  • Mint does not provide its clients with on-demand live report creation.
  • Mint provides up-to-date information to the clients regarding their investments and portfolios.
  • The company does not provide clients with risk and forecasting of their portfolios.
  • Mint provides basic understanding to both intermediate and advanced investors.
  • It offers tips and advice to both active and passive investors.

Research Strategy:

We started our research by directly searching for information on Vitec Cockpit/Portman to get a better understanding of the product for which competitors were to be identified. We came across a news article which clearly states that the Vitec Cockpit/Portman is a portfolio management software. Thereby, we started to search for portfolio management software and were able to identify some companies that meet our criteria for inclusion. We have provided three companies within the limit of our research and believe that further research into this area would provide additional companies of similar services.

Part
03
of three
Part
03

Vitec Cockpit / Portman Alternatives, Part 3

Three additional competitors to Vitec Cockpit / Portman that provide live reporting and dashboard capabilities to investment clients and their advisors include FA Solution, FactSet, and FinLab Solutions. All the information required on these companies has been incorporated into the attached spreadsheet (rows 11-13).

SUMMARY OF FINDINGS

  • FA Solutions claims to be the leading provider of asset management software solutions in the Northern Europe. The company offers software solutions for asset managers through its FA Platform that offers necessary connections to banks and custodians for the automation of two-way data flow.
  • Factset offers flexible and open data and software solutions for worldwide investment professionals. FactSet offers multi-asset management for clients from direct investments or investments in external managers.
  • FinLab Solutions is a company in the software solution field that completely focuses on the "development, evolution, support, and distribution of PackHedge". PackHedge is one of the most advanced application in the world that provides services such as data management, research and analysis, portfolio management, and more.

Research Strategy:

your research team applied the following research strategy:

In order to select the competitors of Vitec, we checked the websites of Vitec and other available companies to know about the industry in which these companies operate. We looked for the competitors of Vitec in credible databases such as Craft and Crunchbase. We also looked for competitors and alternatives to the other companies in the spreadsheet. Thereafter, we selected the companies that offer software solutions for investment management and portfolio management. After selecting and making sure that the selected companies are not duplicates, we browsed through each company's website to find all the required information. In this way, our research team was able to complete this research.
Sources
Sources

From Part 01
Quotes
  • "SS&C has been helping investment and financial firms of all types gain that advantage for more than 30 years. Grounded in our deep knowledge and understanding of your business, our technology-powered solutions and services help you run your operations more efficiently, compete more effectively and grow more profitably."
Quotes
  • "Share critical investment insight through intuitive, role-based web dashboards and fully customizable, automated client reports."
  • "Performance reporting: Share critical investment insight through intuitive, role-based web dashboards and fully customizable, automated client reports."
  • "Performance measurement: Calculate portfolio performance down to the security level following a wide variety of methodologies across any asset class or currency. Performance attribution: Our equity, fixed-income and user-defined attribution methodologies enable you to assess the impact of your investment decisions across any asset class or investment strategy."
  • "Composite creation and management: Automate the creation, calculation, maintenance and reporting of composites to stay in compliance with GIPS guidelines. "
  • "Ex-post risk analysis: Using our ex-post risk functionality, you can better understand your rate of return by portfolio or asset class on a broad range of measures."
Quotes
  • "A subscription model allows users to customize which documents they receive and select their preferred delivery method, whether print, email or portal access."
Quotes
  • "Market intelligence and insight into trading activity on the NYSE is invaluable in making informed and timely trading decisions. MarketLook is a messaging solution that enables your trading team to request and receive real-time market information directly from their brokers on the floor. "
Quotes
  • "We understand complex fund strategies and structures, and we are familiar with the intricacies of regulation across virtually all jurisdictions."
  • " we are home to the world’s number-one fund administrator, SS&C GlobeOp."
Quotes
  • "Our scalable technology and outsourced administration services enable you to deliver personalized customer experiences through both digital and voice channels"
Quotes
  • "To be the trusted techno-business partner, delivering excellence and value to financial services firms globally. "
  • "We bring a wealth of experience and expertise in the financial services space and have built a flagship product MoneyWare which is a true reflection of innovation, deep understanding of the financial services sector and commitment to excellence. MoneyWare caters to the complete business life cycle of Wealth, Asset and Portfolio Management."
Quotes
  • "Quick business overview with interactive visual dashboards"
  • "Schedule report generation for multiple stakeholders in different formats including in Excel, HTML, Image, Word and PDF formats"
  • "Customer intelligence to analyze, understand, and forecast customer behavior"
  • "Comes with a standard set of reports and allows you to customize your own"
  • "Analyse underlying business data to create and deploy reports"
Quotes
  • "Enables strategization and adaptation based on real-time market movements and external events"
  • "Track portfolio performance with different benchmarks across various asset class and time periods"
Quotes
  • "MoneyWare mobile app solution for wealth managers enables them you to multi-task and manage your business on the go"
Quotes
  • "Real-time portfolio processing, automated settlement & reconciliation and integrated breach management system"
  • "Comprehensive derivatives functionality, integrated rules libraries, data feeds and availability as a Cloud solution"
  • "Integrated with Fund Accounting system that provides different types of statements and comprehensive multi-currency reports on demand"
Quotes
  • "Comarch is a stable, experienced provider of innovative IT solutions for multiple industries, including telecommunications, banking, airlines, petrol stations, utilities."
Quotes
  • "fully automated robo-advisory with the help of a chat bot, or personal advisory carried out by a relationship manager. "
  • "Due to its omnichannel approach, the platform allows to seamlessly continue processes through multiple channels and share information between clients and their advisors."
  • "Simplified advisory – occasional assistance with choosing investment products "
  • "Coverage of different banking services within one integrated, modular system"
  • "Meet regulatory requirements and standardize your services"
  • "Additional functionality of managerial reporting gives insights into overall business growth, structure and activity, letting decision makers monitor the business and shape its appropriate strategy across different business units."
Quotes
  • "Our product portfolio services multiple industries and verticals and allows for a customisable software solution that meets Clients’ expectations, preferences and capabilities."
Quotes
  • "Many forms of visualization (graphs, indicators, maps and tables) Interactivity (reports, dashboards, charts and tables) High performance thanks to in-memory engine Ad hoc reporting"
  • "Predefined set of reports and dashboards that helps to analyze effectiveness of loyalty program, e.g. RFM analysis with proactive tips for defined customer segments Churn risk identification"
  • "Multi-source module allowing data from different sources to be merged"
Quotes
  • "We specialize in ERP business management systems, information security, CRM and sales support systems, electronic communications, network infrastructure management, IoT solutions, data analytics, and business intelligence • We offer a vast array of professional services, including outsourcing, and consulting"
Quotes
  • "With the forecasting module in Comarch FSM, based on historical data and specific knowledge, you can predict resource demand in the context of skills and working area, and then make smarter decisions about skill changes and resource reallocation."
From Part 02
Quotes
  • "Vitec has entered into agreement with SDC, that SDC will replace its current portfolio management software. "
  • "The SDC-banks will commence the use of Vitec's portfolio management software product PORTMAN, in addition with the investment advisor solution COCKPIT. "
  • "he solution will provide almost 2.000 investment advisors with an overview of customer's investments, and support the SDC-banks portfolio management and client reporting within the investment area."
From Part 03
Quotes
  • "We’re the leading provider of Asset Management software solutions in Northern Europe, and still continuously growing."
  • "STRONG EXPERTISE in financial and technology sector – we have them both. We develop our software constantly to be sure to always offer you the best solution in the market."
  • "COMPREHENSIVE solutions for asset managers around the world. Our FA Platform is currently used in 9 different countries."
Quotes
  • "FactSet creates flexible, open data and software solutions for tens of thousands of investment professionals around the world, providing instant access to financial data and analytics that investors use to make crucial decisions. "
Quotes
  • "FinLab Solutions SA is a software solution company solely focused on the development, evolution, support and distribution of PackHedge™, the world’s most advanced application for data management, research and analysis, asset allocation modelling, portfolio management, report publishing and workflow management."