44
I
Citi Prime Finance’s 2011 IT Trends & Benchmarks Survey
Franchise Funds
: Software Spend by Category
• Franchise funds continue to allocate a higher percentage
of their IT budget dollars toward the marketing function,
refecting the continued need to cater to their institutional
investor asset base
• Franchise funds triple their software budget allocation in
the fnance & collateral management category, relative to
their large-fund peers
• Risk management receives more budget dollars than
trading applications
• Total annual software spending for franchise funds is
$1.78 million USD, on average
Source: Citi Prime Finance
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
Source: Citi Prime Finance
0
10
20
30
40
50
60
Buy
Build
Franchise Funds
: Software Approach by Category
• Franchise funds acquire applications from a variety
of sources: software vendors, service providers,
in-house and outsourced developers
• Funds at this stage have a greater tendency to
build investment decision support, risk, data
management and compliance solutions
Software