MoneyMate, a leading service provider in the sourcing, validation and dissemination of critical fund data has announced it has successfully implemented its hosted solution MoneyMate DataManager at JPMorgan Funds Management (JPMFM) in New York.
With MoneyMate DataManager, Marketing experts, RFP, Compliance, Operations and other business areas at JPMFM will have access to high quality data on a real-time basis while removing manual administrative intervention and error-prone tasks. DataManager reconciles all market-oriented data by sourcing, centralising and validating pricing, performance, holdings and all static fund data between JPMFM's Fund Accounting, Administration and Marketing areas.
"Improving fund performance and client servicing are areas of expertise for an Asset Manager - fund data management is our expertise" said Conor Smyth, Director of Sales for MoneyMate. "By partnering with us JPMFM increase control and oversight of their fund data organisation-wide. In addition, they are improving the quality of their data in the market and will remove significant costs and inefficiencies that are inherent in the process today".
Paul Fawsitt, CEO at MoneyMate, added "The risks of disseminating inaccurate fund information to the market are enormous. 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 larger, macro systems such as fund datawarehouses. DataManager provides single sourcing and servicing for all mission critical fund data"
MoneyMate DataManager went live at JPMFM on November 3rd 2008.