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NorthStar provides your firm the option of on-demand or on-premise. Both are enterprise-class wealth management solutions. To determine which option is a better fit for your firm, review the benefits each provides.
| NorthStar On-Premise Solution Benefits |
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NorthStar On-Demand Solution Benefits |
| Long-term cost savings |
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Lower cost of entry |
| Heavy customizations, when you want to gain competitive advantage |
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Faster time to value |
| Control and responsiveness |
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Few initial users (less than 50) |
| Higher level of data and information security |
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Reduced complexity around software upgrades |
| Heavy integrations and single sign-on |
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No additional hardware, network or infrastructure investments |
In addition, if your firm has limited or fully booked IT resources, the on-demand model may be your firm’s solution. On-demand delivery provides firms of all sizes a low-cost way to obtain the benefits of NorthStar’s commercially licensed software without having to internally operate the software.
NorthStar On-Demand Solutions: Standard and Firm-Tailored
Unlike other on-demand wealth management software providers, NorthStar can deliver either standard on-demand software or our firm-tailored on-demand solution™. With standard on-demand software, NorthStar can deploy an out-of-the-box NorthStar solution, without configuration, in two to four weeks.
NorthStar’s firm-tailored on-demand software can be configured to firm and industry best practices in as little as 12 weeks. As part of this industry-first solution, NorthStar can provide firm-tailored configuration services, including custom risk questionnaires, Investment Policy Statements, workflows, and firm introduction presentation templates. Firm-tailored integration services include integrating NorthStar to market data feeds, trust and portfolio accounting systems, and CRM systems.
Through NorthStar’s advanced on-demand solution, firms are able to obtain best-in-class wealth and asset management software in a fraction of the time and cost it would take to customize horizontal enterprise software or canned on-demand software to fit firm or industry requirements. Advisors benefit as well. Using a tailored and integrated system, they save time and provide more differentiated, personalized service to attract and retain sophisticated clients. The net result is lower operation costs and higher revenues.
How does NorthStar’s on-demand solution work?
- Software is hosted in a secured, partitioned environment to maximize data security.
- Software hosting facilities and services are based on infrastructure that features SAS 70 audit-ability and certification, 24 x 7 facilities monitoring, redundant Internet connectivity, real-time network monitoring and management, redundant electricity, environmental controls, advanced security systems, and defensive barriers.
- Centralized operation and technology management is in place so that you and your staff can remotely access NorthStar any time from anywhere via the Internet.
- Set-up, installation, configuration, integration and ongoing management are performed by skilled NorthStar staff.
Using NorthStar’s enterprise-class on-demand services can free your IT personnel for more strategic projects, reduce operational costs by leveraging NorthStar facilities and know-how, protect your IT and information assets, and help ensure optimum availability.
To find out how NorthStar’s firm-tailored on-demand solution can meet your firm’s needs, call 1-866-916-8524.
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