Our company manages more than two hundred and fifty Hedge Funds. We are required to evaluate their portfolio and manage risk by staying in contact with brokers and other financial institutions. In addition, all of our brokers require us to have Microsoft Excel. Most of our client’s sensitive information which includes SWAPS, bonds, Collateral exposure, valuations and pricing are sent via excel spreadsheets. Our company uses macros and SQL files to import all of our MS Excel spreadsheets sent by our broker counter-parties such as Morgan Stanley, Merril Lynch, Goldman Sachs, etc.
This action of switching to google docs will not only affect us by having to re-train our staff of 175 employees, but will also create a negative impact to our brokers and clients by failing on delivering timely efficient reports. Our brokers and Hedge Funds demand us for specific time-deadlines during the day for certain reports. Google docs will not be as efficient as Microsoft Excel causing delays in submitting our reports to our clients.
Sincerely,
Ronald A Rojas
No comments:
Post a Comment