2010 is the year for cost optimisation, according to Gartner, and in response Cadis is turning its attention to the particular data management needs of smaller buy-side institutions.
Cadis' SaaS EDM offering provides hedge funds and asset managers with the ability to have exactly the same software solution set as a local install alongside the support and service of an established EDM provider.
Exploding data volumes and constant market change are driving demand from hedge funds and others for proven data management solutions that will enable intelligent data strategy. A key to this is empowering the people who understand the data to manage and control the data while software providers, such as Cadis, take ownership of the IT environment, changes and upgrades. The result is a lower cost of ownership with no compromises over the quality of data management.
"EDM should now be considered a core business process, no matter the size of the organisation. Constantly changing instruments, regulatory requirements, risk profiles and the like mean that often in-house IT in smaller firms are overwhelmed with the mundane tasks essential to build a solid base for a comprehensive data management strategy. We have a unique 100% successful implementation record in the industry with large, complex global institutions and are now turning our attention to the special requirements of hedge funds and other smaller firms. SaaS adoption of EDM solutions in such institutions will enable firms to free up valuable IT resource to focus on the activities that truly differentiate them," said Daniel Simpson, CEO, Cadis.
With the SaaS model, Cadis can implement a data management solution in as little as four weeks. In addition to preconfigured feed handlers and data rules libraries, Cadis can also add on new feeds quickly to accelerate time-to-market for new instrument types and products. The scalability of the solution is ideal for hedge funds and smaller traditional asset managers, which have seen data volumes increase through new reporting requirements and investment strategies. Data is processed in real-time and delivered in the format that the user needs.
Through a single, fixed-cost license, Cadis will provide and manage every aspect of an intelligent data management infrastructure. Hardware can be hosted by Cadis or installed locally, suiting hedge funds and other firms that want control of their data. Software is automatically maintained and upgraded by Cadis. All maintenance costs and support, which can often add to the total cost of ownership of an SaaS offering, are automatically included in the license fee.
Simpson continued: "Over the last two years, Cadis has signed 21 clients and spoken to many more firms who are waiting for a SaaS EDM solution which doesn't compromise quality for cost. Smaller asset managers are eager to utilise the same technology that we provide to the largest players in the market, especially when the ROI is delivered in under six months."
Cadis' SaaS capabilities are underpinned by the same technology and expertise used to run large hosted environments for some of the world' largest institutions. All solutions on the Cadis EDM platform are available via SaaS, including:
• Front-to-back data integration
• Security and price master
• Data management and delivery
• Corporate actions management
• Data feed consolidation and management