GoldenSource Corporation, a leading, independent supplier of enterprise data management solutions for the securities and investment industry, launches GoldenSource OnDemand.
Financial institutions of all sizes can now gain the efficiency, data quality, transparency and cost benefits of 360-degree enterprise data management through the GoldenSource OnDemand suite of managed services.
The continuing difficult economic climate is driving every institution to lower their cost of operations to improve profitability. At the same time, increasingly complex regulatory initiatives, large data volumes and the development of ever-more sophisticated instruments are all putting pressure on existing data management systems.
GoldenSource OnDemandTM enables institutions to scale their systems in line with demand and to comply with relevant upcoming regulations with little or no IT footprint. Outsourcing IT management of mission-critical data management infrastructure to a team of GoldenSource experts streamlines data management operations, whilst still enabling the financial institution to retain full authority over their data, data quality, and data vendor relationships.
"Sourcing, cleansing and distributing trusted reference data is at the top of the agenda even for small institutions due to regulations, risk, and the need to obtain a 360-degree view of the business," says Mike Meriton, CEO of GoldenSource. "In fact, more efficient enterprise data management may help institutions to gain significant extra revenue through increased sales or cross-selling. The flexible delivery model of GoldenSource OnDemand makes it easy for any size of firm to take advantage of the full power and best practices of the GoldenSource EDM suite off-the-shelf, with a simple, secure connection over the web. It's like turbocharging your EDM systems. Forward-thinking organizations can now simply focus on what matters most to them - the data - and leave the monitoring and management of their applications to us."
"Given the downward pressure on operating costs in the current market environment, there is increased interest in managed and hosted offerings from both buy-side and sell-side firms at all tiers. The benefit of this kind of solution is that it offers a more scalable model without in-house upgrade or direct internal maintenance risk or cost." says Virginie O'Shea, Aite Group.
GoldenSource OnDemand is powered by GoldenSource EDM software. All aspects of the GoldenSource EDM Suite are available through GoldenSource OnDemand, including the recently announced GoldenSource Insight dashboard, visualization, and mobile access component. Customers can select just the options which fit their needs, whether they are planning a small, tactical project or gearing up for a full enterprise-wide consolidation initiative.
Ongoing support, change management, testing and monitoring services are provided by a team of experienced and knowledgeable GoldenSource experts. This enables customers to reduce costs, save time, and leverage the expertise of GoldenSource without devoting time and expense to ramping up their own internal staff.