Planting the seeds for operational excellence
In 2021, Trium brought on a new manager with a complex multi-asset strategy, including swaps and exotic products, while keeping their previous system in place for existing equity strategies.
As Trium continued to see growth over the next two years, the firm began to consider how to consolidate systems to support their expanding portfolio, with a growing number of accounts and multi-asset strategies.
Enfusion’s capabilities made it the clear choice to support Trium’s complex strategies and future growth.
Enfusion is the no regrets, obvious choice. It’s reliable, dependable, and easy to get your head around. You get in, turn the key, and the car goes. It’s the default choice for anyone looking to streamline their operations without the headaches.”
Scaling with confidence
Operational efficiency and scalability became increasing priorities as Trium grew assets under management (AUM). Enfusion’s unified data approach ensured consistent, reliable operations across all portfolios, a crucial factor as Trium scaled. Enfusion’s single data set and integrated ledger accounting system have simplified data management, ensuring accurate and granular data for NAVs and performance metrics.
In addition, Enfusion’s multi-tenant SaaS model provided a promising approach to keep Total Cost of Ownership (TCO) low. It gives Trium the flexibility to grow without additional infrastructure, enabling them to scale confidently and efficiently while supporting future accounts and strategies with ease.
Speed and precision from day one
Enfusion also yielded immediate benefits when Trium went live. For example, Trium wanted rapid and precise execution of Contracts for Difference (CFD) resets to close and reset their positions monthly. This monthly reset process is crucial for managing cash balances and accurately realizing P&L. Enfusion met this need by enabling monthly resets to be completed within minutes rather than freezing their system for an entire business day, significantly enhancing operational efficiency.
The speed in which it can process resets amazes me… We can process the whole thing in minutes. We can also easily make batch edits across entire groups of trades rather than doing it one-by-one.”
Swift and seamless migration
Migrating static data from prior systems was a critical milestone in Trium’s transition. Enfusion completed the bulk of the work in just five months. This phase was essential for ensuring the accuracy and reliability of the new system.
The static data migration team in India was extraordinary. Their attention to detail and thoroughness were beyond what I expected. It was a huge project, and they handled it with care and precision. I’m extraordinarily happy with the way they moved a bunch of existing accounts.”
The migration seamlessly integrated all aspects of Trium’s operations into Enfusion, preserving the integrity of historical and operational data. By the beginning of 2024, Trium was ready to fully adopt Enfusion’s front-to-back capabilities across their entire portfolio, rolling out progressively across their portfolio from manager to manager.
From operational efficiency to ROI
Since fully adopting Enfusion, Trium Capital has realized substantial improvements in operational efficiency via automation. Enfusion’s advanced API integration has been instrumental in automating data flows, such as feeding enriched data directly into Trium’s risk platform, Axioma. This capability has significantly reduced manual data handling and improved the accuracy of risk analysis for complex risk scenarios.
The speed and granularity of Enfusion’s data have been extraordinarily welcome. We can check, reconcile, and correct data in minutes rather than hours. This level of accuracy and automation has transformed our operations, making us more efficient and confident in our financial reporting.”
Additionally, Trium has streamlined its pre-trade compliance processes. They can easily compile and upload complex compliance restrictions directly into Enfusion, ensuring all trades adhere to each client’s unique and specific guidelines.
Return on investment (ROI)
By automating key processes and reducing the need for constant manual interventions, Trium has effectively lowered its operational costs. In addition to direct technology savings, Trium benefits from lower Total Cost of Ownership (TCO).
"Enfusion has not only saved us at least $150,000 annually but also eliminated the mental stress of managing IT complexities. I no longer worry about load balancing, remote access, or disaster recovery," said Mang.
We couldn’t manage the growth in accounts that we’re seeing without hiring more people… but with Enfusion, we can have one person run as many as ten managed accounts.”
Future outlook
Trium Capital plans to continue leveraging Enfusion’s capabilities to support its growth strategy. The firm is well-positioned to explore new opportunities, whether through the launch of additional funds or expansion into new markets. With Enfusion as a strategic partner, Trium is confident in its ability to adapt to evolving market dynamics and continue its trajectory of success.
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