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Outsourcing Assessment

OUTSOURCING ASSESSMENT

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119 views2 pages

Outsourcing Assessment

OUTSOURCING ASSESSMENT

Uploaded by

Ravi kn
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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TECHNOLOGY OUTSOURCING ASSESSMENT

Making the decision to outsource requires an in-depth understanding of your firm’s goals, challenges, and opportunities in all aspects
of your business. You must perform an honest and thorough assessment of how you manage your technology, key business
processes, and costs to determine whether running tasks yourself is worth your time and resources, versus utilizing outside experts.

Start with this brief questionnaire to rate your firm’s in-house capabilities. This will help you determine whether outsourcing is a more
viable solution for your firm.

(Ratings: 1 = very weak, 2 = below average, 3 = average, 4 = above average, 5 = very strong)

TECHNOLOGY INFRASTRUCTURE

Stability of your current IT infrastructure environment (hardware, applications, and processes,


setup through ongoing maintenance)
1 2 3 4 5
Disaster recovery, backup, and contingency plans (if one of your systems fails or if you are
unable to access your premises)
1 2 3 4 5

Mobility and ability to access your applications from anywhere at any time 1 2 3 4 5

Information security to protect from risks of malware, virus, or hacking 1 2 3 4 5

Integration of applications for increased efficiency and client service 1 2 3 4 5

CORE OPERATIONS

Firmwide operational consistency and standards 1 2 3 4 5

Portfolio management, accounting, and reporting 1 2 3 4 5

Overall data accuracy maintenance 1 2 3 4 5

Client service continuous improvement 1 2 3 4 5

Risk and compliance management 1 2 3 4 5

Human capital and talent management 1 2 3 4 5

COST MANAGEMENT

Budgeting process 1 2 3 4 5

Cost control and fiscal responsibility processes 1 2 3 4 5

Cost transparency and clarity of opportunity costs 1 2 3 4 5


Your Outsourcing Options
If you determine that you may need outsourcing help, here are three options for you to consider:

• Technology infrastructure outsourcing. A technology provider will securely manage and host hardware, applications, and
other systems for you.
• Operational outsourcing. A provider will manage your back-office processes, including data management, reconciliation,
uploading, posting, and reporting.
• Full outsourcing. A provider will manage both your technology infrastructure and operational outsourcing requirements.
Your Outsourcing Options
IN-HOUSE

OPERATIONAL INFRASTRUCTURE
OUTSOURCING OUTSOURCING

Expand office without Reduce need for internal


hiring additional staff technology infrastructure

FULL OUTSOURCING

Reduced effort and resources

Next Steps
For more information about technology outsourcing, visit schwabintelligenttechnologies.com/OutsourcingEducation.

DISCLOSURE
This technology outsourcing assessment was produced by Charles Schwab & Co. Inc. (CS&Co), a registered broker-dealer and member SIPC, in conjunction with
Schwab Intelligent Technologies (SIT), a CS&Co affiliate. Schwab Advisor Services™ includes the custody, trading, and support services of CS&Co. SIT provides
technology solutions to independent investment advisors, while CS&Co provides them and their clients with custody, trading, and related support services. SIT and
CS&Co are separate companies affiliated as subsidiaries of The Charles Schwab Corporation, but their products and services are independent of each other.
Advisors are solely responsible for evaluating, selecting, and purchasing products and services offered by them.
The technology outsourcing assessment is intended solely for general informational purposes of independent investment advisory firms, and is not intended to
provide financial, investment, regulatory compliance, legal, or tax advice. Any information taken from the technology outsourcing assessment is not tailored to the
particular circumstances of any reader of the technology outsourcing assessment or their firm.
©2013 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. (0613-4255)

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