{"id":1407,"date":"2013-02-25T09:01:43","date_gmt":"2013-02-25T09:01:43","guid":{"rendered":"http:\/\/www.indataweb.com\/?p=1407"},"modified":"2024-09-20T10:38:20","modified_gmt":"2024-09-20T18:38:20","slug":"switching-omss-not-as-daunting-as-one-would-first-suppose","status":"publish","type":"post","link":"https:\/\/www.indataipm.com\/switching-omss-not-as-daunting-as-one-would-first-suppose\/","title":{"rendered":"Switching OMSs: Not as Daunting as One Would First Suppose"},"content":{"rendered":"<h2><span data-sheets-root=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;The Reality of Switching OMS's&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:513,&quot;3&quot;:{&quot;1&quot;:0},&quot;12&quot;:0}\">The Reality of Switching OMSs<\/span><\/h2>\n<p>Interesting research from the Tabb Group on how the buy-side is split on the concept of the combined OMS\/EMS Solution.\u00a0 Not surprising that many of the buy-side firms surveyed liked the overall concept of the combined OMS\/EMS, but they were not so keen on moving towards these types of solutions due to trader preference, etc. We have always maintained that, for the diversified buy-side asset manager, an EMS solution is largely a commodity and most buy-side traders have single or multiple EMS solutions already in place that work well for them and, given the connectivity that already exists between these systems and major OMS solutions, there is not much of an impetus to switch EMS\u2019s. What typically makes more sense to the buy-side trader is to have the closest possible OMS integration with their preferred EMS, rather than an \u201call in one\u201d solution, and some EMSs are better at integrating than others.<\/p>\n<p>What was surprising from the Tabb Group\u2019s research findings was that a majority of the buy-side firms surveyed considered switching OMSs as \u201cvery difficult.\u201d While the cost of the new OMS might be an issue with some vendors, the actual conversion and implementation of an OMS is not that difficult, especially compared with an endeavor like switching portfolio accounting systems (we at INDATA have the pleasure of doing both).\u00a0\u00a0 For example, the data aspect of the OMS conversion is relatively easy and so is the end user training, assuming that the OMS a firm is switching to has comparable or better functionality than the vendor being replaced. As we have also noted in past blogs, there is a convergence of functionality amongst major OMS providers, and key functionality is also becoming commoditized from vendor to vendor.\u00a0 Putting all of this together, buy-side firms should not be intimidated when considering switching OMS providers, especially if there are significant long-term cost savings to be achieved by switching providers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While the cost of the new OMS might be an issue with some vendors, the actual conversion and implementation of an OMS is really not that difficult, especially compared with an endeavor like switching portfolio accounting systems.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_stc_notifier_status":"sent","_stc_notifier_sent_time":"2023-12-18 13:59:59","_stc_notifier_request":false,"_stc_notifier_prevent":false,"_stc_subscriber_keywords":"","_stc_subscriber_search_areas":"","content-type":"","footnotes":""},"categories":[100,37,41],"tags":[53,54,55,56],"class_list":["post-1407","post","type-post","status-publish","format-standard","hentry","category-blog-articles","category-other","category-technology","tag-buy-side","tag-ems","tag-oms","tag-portfolio-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Switching OMS\u2019s: Not as Daunting as It Seems | INDATA<\/title>\n<meta name=\"description\" content=\"Interesting research from the Tabb Group on how the buy-side is split on the concept of the combined OMS\/EMS Solution\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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