Asset Control has announced that its Total Data Management application is now available.
Total Data Management enables firms to streamline and optimize reference and pricing data management by integrating proven in-house and outsourced solutions based on a firm’s individual data needs.
In addition to Asset Control’s turnkey AC Plus solutions for in-house implementation, Asset Control can now offer clients an outsourced reference data solution through its alliance with Accenture. The Accenture Managed Reference Data Service, which leverages AC Plus technology, provides reference data management on an outsourced basis to maximize efficiencies and economies of scale. It includes a full suite of data management, information technology (IT), vendor management and performance measurement services through a “one-to-many” service model. Accenture announced its first client contract for Accenture Managed Reference Data Service this week.
“The availability of in-house and outsourced solutions, that are seamlessly compatible because they are built on the same core technology, enables financial industry firms to match their data management strategies to the ROI in the data and data processes. Distributing data management across in-house and outsourced platforms simply is a logical approach for optimizing costs and efficiency,” said Ger Rosenkamp, CEO of Asset Control. “Accenture’s proven commitment and track record in managed data services makes them ideal to work with, and we are delighted with their speedy progress in bringing the Accenture Managed Reference Data Service to market.”