MoneyMate, a service provider in the sourcing, validation and dissemination of critical fund data has announced the successful implementation of its hosted application MoneyMate DataManager at JPMorgan Funds Management (JPMFM) in New York. MoneyMate DataManager went live at JPMFM on 3 November 2008.
DataManager reconciles all market-oriented data by sourcing, centralizing and validating pricing, performance, holdings and all static fund data between JPMFM’s Fund Accounting, Administration and Marketing areas. The use of MoneyMate DataManager opens JPMFM access to superior quality data on a real-time basis while removing manual intervention and error-prone tasks. JPMFM can better operate in marketing, compliance, operations and other business spheres.
MoneyMate DataManager mitigates these risks with a service based offering that’s quick to implement, inexpensive to manage and proven to add real value to processes and macro systems such as fund data warehouses, says Paul Fawsitt, CEO, MoneyMate. DataManager provides single sourcing and servicing for all mission critical fund data.
By partnering with us JPMFM increase control and oversight of their fund data organization-wide, says Conor Smyth, director of sales, MoneyMate. In addition, they are improving the quality of their data in the market and removing significant costs and inefficiencies inherent in getting information to the market today.
L.D.