--- title: "Buy-Side Goal: Back-Office Automation" description: Automation may be the buy side's greatest goal, but it is turning more of its focus toward data centralization. --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/survey-back-office-automation-buy-sides-top-goal#popup-newsletter) #### Want the latest news on securities markets -- FREE? Sign up to receive exclusive articles on topics including: - Equity market structure - Profiles of buy-side investment firms - The evolution of multi-asset-class trading - Regulation and its implications for markets - The search for liquidity in fixed income markets - The convergence of fintech and capital markets Select one or more newsletters you would like to receive: menu [![Markerts media](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/header%20logo.svg "Markerts media")](https://articles.marketsmedia.com/) - [Institution](https://articles.marketsmedia.com/tag/institution) - Institution - Buy-Side Goal: Back-Office Automation Search - [Home](https://articles.marketsmedia.com/) - [Trending](https://articles.marketsmedia.com/tag/trending) - [Featured](https://articles.marketsmedia.com/tag/daily-email-feature) - [Sectors](https://articles.marketsmedia.com/tag/sectors) - [From The Markets](https://articles.marketsmedia.com/tag/from-the-markets) - [AWARDS](https://articles.marketsmedia.com/tag/events) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Newsletter](https://articles.marketsmedia.com/survey-back-office-automation-buy-sides-top-goal#popup-newsletter) Hide search Search - NewsLetter ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg) [ON THE MOVE: Citi Hires Artie Ambrose;...](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_445735906_L.jpg) [Trading Adapts to ESG and Sustainable...](https://articles.marketsmedia.com/trading-adapts-to-esg-and-sustainable-investing) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-917493152-Jul-07-2022-09-34-19-09-AM.jpg) [Focus on FX Execution Connectivity](https://articles.marketsmedia.com/focus-on-fx-execution-connectivity) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_333839538_L.jpg) [TRACE Turns 20](https://articles.marketsmedia.com/trace-turns-20) 09.26.2016 By Rob Daly Institution # Buy-Side Goal: Back-Office Automation 09.26.2016 By Rob Daly [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/survey-back-office-automation-buy-sides-top-goal) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/survey-back-office-automation-buy-sides-top-goal) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/survey-back-office-automation-buy-sides-top-goal) Achieving back-office automation over the next two years remains the top priority for 61% of the buy-side participants in the fourth bi-annual client survey conducted by investment data management platform provider Confluence. Todd Moyer, executive vice president, global business development at Confluence, found it interesting that over the past eight years that buy-side firms have not solved their self-identified top priority. ![Todd Moyer, Confluence](https://static.hsstatic.net/BlogImporterAssetsUI/ex/missing-image.png) Todd Moyer, Confluence “As we dug further into the responses we received, we saw that they were taking a more data-focused approach,” he said. “They are looking to get their data right before evaluating and consolidating their fragmented infrastructure.” According to the 2016 survey results, 71% of those polled state that it was important to consolidate fund data into a common database, which is up from 50% in the original 2008 survey. Approximately two-thirds, 69%, of the respondents also stated that they had started moving fund data onto such a database, which again is up 50% from 2008. In fact, 44% of those polled listed data consolidation as their top priority, which is up from 24% in 2014. “Looking at the data and the percent of the increase, it was just overwhelming,” said Moyer. Any advancement in back-office automate likely will be the result of the work firms do around data and technology consolidation, he added. Although many of those polled cited controlling costs as the major driver for their priorities; Moyer thinks that the concerns probably bleeds more over into creating better efficiency within the back office. “It’s a desire to handle the concerns that stem from manual procedures, especially spreadsheets and other things outside of the automated systems,” he said. “Of those who responded, 91% indicated that it affected their ability to control errors and 81% indicated that the manual processes also affect their ability to control costs.” **More on Operations**: - [Accenture Debuts Prototype of ‘Editable’ Blockchain for Enterprise and Permissioned Systems](https://www.marketsmedia.com/accenture-debuts-prototype-editable-blockchain-enterprise-permissioned-systems/) - [IHS Markit Joins Forces with AITEC and AIMA to Drive Due Diligence Standard](https://www.marketsmedia.com/ihs-markit-joins-forces-aitec-aima-drive-due-diligence-standard/) - [In Unusual Upset of an Incumbent, Finra Board Elects New Small-Seat Representative](https://www.marketsmedia.com/unusual-upset-incumbent-finra-board-elects-small-seat-representative/) [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/survey-back-office-automation-buy-sides-top-goal) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/survey-back-office-automation-buy-sides-top-goal) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/survey-back-office-automation-buy-sides-top-goal) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. [![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/EMCA-WINNERS.jpeg?width=376&height=250&name=EMCA-WINNERS.jpeg)](https://articles.marketsmedia.com/european-markets-choice-awards-2022-the-winners) Latest News ## [European Markets Choice Awards 2022 – The Winners](https://articles.marketsmedia.com/european-markets-choice-awards-2022-the-winners) On 5 June Markets Media held its first in person European Markets Choice Awards event in London. 07.06.2022 By Markets Media 2. [![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg?width=376&height=250&name=trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg)](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) Daily Email Feature ## [ON THE MOVE: Citi Hires Artie Ambrose; Natalie A. Brown to Mesirow](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) The weekly recap of new hires, promotions and job changes in capital markets trading and technology. 07.05.2022 By Anna Lyudvig, Traders Magazine 3. [![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/iStock-864489188-4.jpg?width=376&height=250&name=iStock-864489188-4.jpg)](https://articles.marketsmedia.com/operational-resilience-no-longer-enough) resilience ## [Operational Resilience No Longer Enough](https://articles.marketsmedia.com/operational-resilience-no-longer-enough) Firms should ensure a robust operational risk approach in tandem with resilience, ITRS Group says. 07.05.2022 By Terry Flanagan [![MarketsMedia](https://articles.marketsmedia.com/hubfs/MarketsMedia.svg "MarketsMedia")](http://marketsmedia.com) - [About us](https://www.marketsmedia.com/about-us) - [Careers](https://www.marketsmediagroup.com/careers) - [Contact](https://www.marketsmediagroup.com/contact) - [Advertise](https://www.marketsmediagroup.com/advertise) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Corporate Site](https://marketsmediagroup.com) - © 2026 Markets Media Holdings LLC - - Terms & Conditions - Privacy Policy {{ standard\_footer\_includes }}