Netik, the securities data management and reporting software firm. says it has released an upgrade d version of its Data Portal product.
The company says the upgrade to the Data Portal – now in Netik InterView release 7 – was driven by the need to define complete autonomic processes for mass automation and reporting recognizing end-to-end transactional workflow. It claims the new Data Portal can process thousands of complex workflows concurrently.
“The design-time graphical user interface (Data Portal Studio) enables many more linked workflows to be defined to reflect accurately the complexity of business processes,” says Netik. “The new Data Portal Studio comprises a suite of plug-in design tools, which are driven by XML data schemas. It has been engineered to allow analysts from the business community to help define complete autonomic processes that enhance operational efficiency throughout the enterprise leveraging the technology’s ability to include many third party components as plug-in and event based tasks.”
Alastair Upton, Technical Director at Netik, says that “processes and tasks can now be graphically defined into workflows enabling analysts to deal with huge complexity within a user friendly environment. This allows rapid deployment of manageable, tailored solutions. Not only is the design process and run-time performance improved, but the Netik Data Portal also delivers significant benefits for support problem resolution, testing and version control.”
In addition, the new Data Portal is shipped with Netik’s Common Investment Adapter (CIA) that has been developed with Advent Software. The CIA provides the data model for all assets associated with both traditional and alternative investment strategies.
Netik Data Portal is one of the components of the company’s flagship product, Netik InterView Investment Hub.
“The improved Data Portal provides greater flexibility, with the end result being that the Netik InterView Investment Hub can now be implemented far more rapidly to give a solution that totally fits the customer’s requirements,” says Colin Close, CIO at Netik. “Netik’s Data Portal approach to securities data management and workflow means that the Netik InterView Investment Hub can be easily integrated into clients’ existing systems infrastructures. The new Data Portal significantly enhances the current ability of Netik InterView Investment Hub to provide the ‘glue’ between internal systems and external data sources which is so vital for successful investment operations processing. Functionally, the workflow engine is much richer. It offers enhanced features including branching and flexible routing that give a more granular level of management and control at all stages of the information flow through the Investment Hub. Information is validated and enriched within the Netik InterView Investment Hub and exceptions are identified and highlighted to the appropriate business personnel far earlier in the transaction lifecycle. With Netik InterView’s suite of discrete components that can be deployed in many different combinations, we are able to offer clients tailor made solutions appropriate for the task in hand. This is true modularity and provides maximum flexibility. It is the reason why Netik is able to provide revolutionary solutions via deployments and implementations that are actually evolutionary and therefore, perhaps more palatable to the enterprise.”