Allvue Systems has chosen Snowflake to offer a centralised data cloud, with the overarching aim of enhancing and simplifying client's data storage and processing capabilities across business lines and asset classes.
Allvue's new data lake solution is set to enable clients to warehouse and manage all of their data on one integrated, user-friendly system.
The sophisticated, cloud-native platform will feature APIs for simple global accessibility, as well as the ability to query an entire data catalog at once, helping to unlock insights that inform portfolio and investment decisions.
In addition, the platform's event-driven integration and cohesive business intelligence (BI) solution will help to simplify data collection and enhance reporting processes across business lines and audiences, increasing operational efficiencies front-to-back, the company states.
In addition, Allvue's new consolidated data platform will support clients across multiple cloud providers, so it can be implemented with existing systems.
Mutual clients between Allvue and Snowflake will also be able to share datasets across platforms.
Allvue chief technology officer Brandon Meeks says, “As financial firms have increased their cloud adoption for various services and products, many have struggled with achieving the data accessibility and integration they need to make informed investment decisions and are often left to reconstruct data downstream via their own warehouse builds.
"Using Snowflake to build our centralised data platform ensures we can meet and exceed our clients needs, fully optimising their data management on one centralised platform so they can focus on creating value and growing their businesses.
Snowflake VP of customer product strategy, data marketplace and financial services, Matt Glickman, says, “When it comes to financial services, we often see legacy systems that can complicate operations and limit access to data, especially from third-party providers.
"Allvue will enable their clients to easily and comprehensively leverage data for maximum impact, as well as meet compliance and regulatory objectives.
This announcement furthers Allvue's commitment to making data more accessible at scale for its alternative investment clients.
Earlier this year, the firm elevated its client experience through the launch of its LP Portfolio Management platform and enhancements to its Fund Performance and Portfolio Monitoring Solution.
Allvue Systems is a provider of investment management solutions for fund managers, investors, and administrators in the alternative investments industry.
The company offers configurable investment software with an integrated front-to-back solution for superior investment decisions by eliminating the barriers between systems, information, and people, and streamlining investment processes.
Allvue was established in 2019 through the merger of Black Mountain Systems and AltaReturn, and currently manages over $2.5 trillion in assets on its platform.
Based in Miami, FL with locations throughout North America, Europe, and Asia-Pacific, the company is primarily focused on private debt, private equity, and other alternative asset classes.