Investment Banking Trends 2024: Software Challenges and Insights
Discover insights, common challenges, emerging trends, and actionable strategies for navigating software spending in investment banking.
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Investment Banks are Struggling to Navigate Budget Cuts
Investment banking firms find themselves at a juncture.
On one hand, banks that have embraced new technologies have seen significant improvements in performance and profitability. On the other, budget cuts and inefficiencies are looming large, with many firms squandering substantial portions of their software budgets on redundant and underutilized tools.
Our “Investment Banking Software Report 2024” explores critical questions facing investment banks today, including:
- Which Saas solutions will deliver the most long-term value?
- What factors should be considered when assessing software vendors?
- How can firms accurately measure ROI?
Dive into the report to uncover actionable insights and strategies to help you make informed decisions and optimize your technology investments.
Investment Banking Trends for 2024: Key Report Findings
Underused software is draining banks' budget
Over two-thirds of respondents believe their firms are wasting over a quarter of their budget on underutilized and redundant tools.
Banking software investments aren’t slowing down
Every respondent is investing or will be investing in new software solutions over the next 12 months.
Software procurement trends: preferences are shifting
Building software in-house is no longer the preferred approach amongst investment banks, with over half of respondents saying they prefer buying.
Document automation and management are the priority
With a growing focus on increasing efficiency within the business, document automation and management top the list of investment priorities for the majority of firms.
Effective adoption and change management are key for generating software value
Banks that spend over half their budget say poor internal training and ineffective change management are hindering adoption.
Pressure grows for investment banks to choose the right software provider
Although there are some differences across geographies, clear ROI metrics are the one common attribute on vendor wish lists.
Webinar: Get ROI from your Software Strategy: Insights from Lazard and Nomura
Find out how your investment banking peers are maximizing their SaaS spending this year; from choosing software that has the biggest impact on the bottom line to getting buy-in from the wider business.
Majhon Phillips, North America Professional Services Lead – UpSlide
Christina Maddy, Executive Director, Investment Banking Digital Innovation – Nomura
Ian Clark, Global Chief Technology Officer – Lazard
Ed Rassmussen, Global Executive Vice President – Williams Lea
Investment Banking Software 2024: Challenges, Trends and Strategies
Download the report to gain exclusive access to insights about how global investment banks are approaching their software spending in 2024 and beyond.
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Delivering a Better Way to Build Documents and Pitchbooks
Research shows that the top factors hindering the value generated from investment banks’ software spending are poor training and adoption, ineffective change management, and substandard deployment processes.
At UpSlide, we believe your business deserves solutions that will be effectively used by your teams to work more efficiently and create winning deliverables for your business. This is why we work closely with you to not only help your teams build better documents faster but also to ensure that you achieve the highest return on your investment.
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