Asset Control, a world-wide leader in financial data management solutions, has launched its next generation desktop product that enhances the speed and operational efficiency of cleansing, enriching and managing the flow of financial data within financial institutions' mission critical systems.
AC Plus Desktop 3.0 provides a front-end for Asset Control's AC Plus financial and reference data management software solution to help ensure data is accurate, complete, consistent, and rapidly made available to downstream portfolio management, trading, compliance, risk, and other financial management applications.
Based on a comprehensive examination of the manner in which financial institutions process data, AC Plus Desktop 3.0 was designed to support full cleansing and validation workflows for differing organizational requirements. In addition, AC Plus Desktop 3.0 displays full transparency on the data's origination and change history during processing.
Phil Lynch, Asset Control's president and chief executive officer, said, "The need for traders, portfolio managers and operations staff to have access to accurate, high-quality reference and market data in a timely fashion is more urgent than ever, in order to quickly measure and manage risk and exposure, gain insight into opportunities, comply with new regulations, and increase operational efficiency. Our new AC Plus Desktop makes the cleansing and workflow process faster and more efficient to ensure that the highest quality of data is available to users and downstream systems as quickly as possible to meet urgent business needs."
AC Plus Desktop provides operations and data cleansing specialists with an intuitive view of data as it enters AC Plus from multiple data sources. Its data browsing module lets users create sets of bookmarks and searches that can be re-used or modified at any time, as well as instant reports on data for exporting to Microsoft Excel spreadsheets. It also provides tailored views based on an individual's specified criteria of specific asset classes. AC Plus Desktop's data cleansing module manages the user's daily tasks for reconciling inconsistent data from vendors. Its workflow module highlights items of interest as workflow items and distributes these workflow items to different users according to customer set criteria like resolution priority, instrument type, region and other attributes.