Indata upgrades data management capabilities

Source: Indata

Indata, a leading industry provider of software and services for buy-side firms including trade order management (OMS), compliance, portfolio accounting and front-to-back office today announced that it has upgraded the data management capabilities of iPM, Indata's Intelligent Portfolio Management platform.

Data management is a top industry priority for 2012 as the need for greater transparency and the expectation of additional future compliance and corporate governance requirements have elevated data management to become a mission critical function within the operations teams of investment firms.

INDATA's iPM Platform, launched in February of 2010, was the first system to offer fully integrated data management tools via proactive system alerts available within customizable dashboards fully integrated with email and mobile devices. The latest version of iPM's data management tools takes things a step further and offers a complete and real-time overview of the state of data contained in the system, including data gaps or null data as well as stagnant data, in addition to the proactive notification engine already contained within iPM.

The application of this is that iPM clients truly have a 360 degree view of their data at any point in time across all areas, including account master, security master, performance, index information and all other key data points required for accurate trading and client reporting. All data outages and changes are captured within the iPM system's comprehensive audit trail.

"We view data management tools as an integral component of iPM equal to any other functional area that we automate such as trading/OMS, compliance, accounting, and reporting," commented David J. Csiki, Managing Director, INDATA. "With this additional functionality, iPM clients now have capabilities that are equivalent to, if not better than, the stand alone data management solutions typically used by only very large firms, which are often expensive and difficult to implement and maintain," he added. 

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