Project Overview
About Northcross and their business relationship with tickl.
Northcross is a London-based investment management firm specialising in money market and cash management products. Northcross have been recognised as a world leading ABCP sponsor.
tickl started working with Northcross back in 2021, initially resolving data fragmentation issues, and then automating the production of monthly investment reports.
The Challenge
The challenges faced by Northcross before tickl intervened.
When we started our engagement with Northcross, they faced two distinct challenges:
Lack of visibility: Northcross were getting monthly data extracts of financial data that were being manually copied and pasted into a massive and unwieldy spreadsheet. This friction in the flow of data was leading to opportunities being missed on a regular basis.
Investor reports: Northcross is subject to a legal requirement to provide monthly reports to investors in its funds. These reports were being produced manually, which equated to a full week of work for a full-time employee per fund.
Lack of visibility: We wrote a script that automated the transformation of over 100 static spreadsheets into a single dynamic dashboard, a task that took us only two days. This gave Northcross full visibility of their current market data (which we enriched with ancillary data sources) and the ability to view and analyse historical data as far back as 2017.
Investor reports: We worked with the Northcross team to design different types of investor reports and built a tool that automated the production of these reports; all the Northcross team need to do is select the appropriate parameters and the tool immediately generates the report. We built this tool to give Northcross the flexibility to add additional funds in the future as the company grew.
In the Words of The Client
"It took tickl a week to fully automate..."
“We were doing our monthly reporting manually, and it was taking us over a week every month for each of our funds. It took tickl a week to fully automate the process, and we’re still using that solution 5 years later.”
Matthew Warhafting, COO, Northcross
Project Outcomes
Northcross no longer lose valuable time in the manual undertaking business critical reporting.
Automated data processing that feeds an intuitive and interactive dashboard, giving Northcross immediate access to the data they need to quickly identify and act on new opportunities.
Five years later, Northcross are still using our solution to automate the production of monthly investor reports, and have added multiple funds without requiring any additional involvement from tickl.
