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The Benefits of Data Management Software
The value of any financial institution rests on its ability to quickly make informed and effective decisions. But the institution’s decision-making power is only as strong as its underlying data. Weak data erodes confidence, creates delays or worse – it could lead to misguided judgments. Alternatively, a robust data platform provides a foundation for accountability, operational efficiency and the development of innovative products and portfolios.
The truth is, data management choices are decisive business issues. For any financial institution considering an external data management provider, these are the stakes:
Revenue growth, trading advantages and high alpha depend on a common objective: the creation of innovative financial products that compete efficiently in the marketplace. An effective data management solution integrates data from multiple sources, multiple markets and multiple asset classes. With accurate, timely data, financial professionals can craft products that respond to urgent market demands - and anticipate emerging opportunities.
Reduce Operational Risk
Ignorance is not bliss, but an abyss that can sink profits and undermine client confidence. A strong data platform provides both speed and flexibility: speed via rapid access to data from domestic and international sources; flexibility that allows you to absorb data from alternative sources should a primary source fail.
Meet Compliance Demands
Regulators and clients insist on the transparency of your valuations, plus clear insight into the conduct of your business. Your data management system should offer a clear audit trail that exposes all trade and transaction data.
Reduce The Time To Market
One of the biggest barriers to new product development is inadequate access to actionable data. By integrating multiple data streams into a single view that can be monitored and managed by financial professionals, a quality data management platform facilitates effective financial modeling and efficient decision making.
Financial professionals must be at liberty to focus on what they do best – manage assets, products and portfolios. The right data management tools deliver the information your professionals want when they want it – and allow them to make changes in sources, field assignments and reports without the time-consuming intervention of developers or IT technicians.
Why Have Leading Financial Institutions Invested In Superior Data Management?
The advantages of external data management are already being realized by major financial institutions around the world. Read their stories in our Case Studies.