WeConvene Adds MiFID II Focused Enhancement, Helping Research Analysts Manage, Market, and Monetize their Availability to the World’s Largest Buy-Side Audience

NEW YORK and LONDON / ACCESSWIRE / March 30, 2017 / WeConvene, a global and fully independent corporate access platform, is introducing extended features that will give sell-side Analysts the tools to thrive in a post-MiFID II world.

WeConvene’s platform enables buy-side and sell-side firms to collaborate online for the efficient management of all their corporate access and analyst marketing interactions in a single place.

On March 28, WeConvene announced the successful close of its Series B financing, proceeds of which are going to be used for product development, among other things. Today’s announced features enable entire research teams to quickly and easily manage all their interactions and marketing schedules with the buy-side. From creating and booking meetings online, to the promotion of their profile (including industry awards, e.g. Extel ranking), so clients can accurately justify the allocation of research funds. The WeConvene platform delivers an innovative solution which addresses and supports the unbundling requirements of MiFID II across the financial community.

Commenting on the new product features, CEO, Radek Barnert, said “MiFID II presents many challenges to our clients. One such challenge is monetizing Analyst time and availability under the new rules. We have added analyst workflow to enable sell-side research teams to do just that, by directly connecting them to the largest buy-side audience globally.”

With MiFID II approaching, many sell-side firms are working to establish a model for charging for analyst time. To support this change, firms will need to ensure all interactions are accurately captured and transparent to clients for billing. Likewise, as we move to a monetized approach, buy-side firms need a way to objectively evaluate the quality of analyst services and ensure budget is spent on the most valuable meetings.

“Under MiFID II, buy-side firms will cast a critical eye over what research is paid, which is likely to lead to a ‘fight to quality,'” says Joseph Connelly, Global Head of Product at WeConvene. “Analysts will face increased pressure to demonstrate their value in what is likely to become a highly competitive environment. The visibility of how their time is spent, along with their credentials (to promote their value to clients), will become critical.”

The key features of WeConvene’s Analyst Access workflow include:

Connect with the world’s largest buy-side audience

Create events, meetings, or calls and manage all bookings online.
Promote your availability with clients and effectively manage incoming requests.
View detailed reports of all interactions with clients in real-time.

Promote and market your services

Create a detailed biography to promote the sectors and markets covered, as well as the inclusion of relevant survey rankings, e.g. Extel Survey, and career highlights.

Automated consumption tracking and evaluation tools

At a firm level, have a complete picture of all Analyst interactions and customize to your needs, e.g. Analyst comparisons, meeting type, client type, location, etc.

About WeConvene

WeConvene is a global web-based platform designed to eliminate the inefficiencies of managing the corporate access process for the investment community. Events large and small can impact investment strategies and WeConvene provides value to both buy- and sell-side customers by enabling efficient discovery, booking, and tracking of meetings. For more information, visit www.weconvene.com or request a demo by contacting sales@weconvene.com.

Media Contact

Sarah Linfoot

sarah@weconvene.com

SOURCE: WeConvene Limited

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