A news release from the Basis Point Group said that the product offers a quantitative approach to drive operational improvements and extends a client’s benchmarking framework for investment organizations. The new product allows clients to isolate, contain and dramatically reduce processing risk.
“OPERA has proven effective in evaluating operational risk, identifying actionable measures that improve front, middle and back office operations, and providing a sound basis for measuring the effectiveness of IT applications and systems,” said Bob Fawls, managing partner, in the news release. “The OPERA framework allows firms to quantify the effectiveness of overall operations, assess the transparency of operating risks, and determine the operational efficiency of their organizational and technical infrastructure. No two firms are exactly the same, each having differing combinations of people, processes and applications.”
More information about the company is at www.basispointgroup.com .