Enterprise Data Management (EDM) from S&P Global enables firms to maintain different hierarchies for individual regions, teams and business lines while managing the complexity of a multiteam workflow.
Complete, accurate and up-to-date investment product (strategy) and account (portfolio) data is essential for the proper operation of buy-side firms. However, many firms lack a central master for this information and still rely on email and spreadsheets to launch new products and manage existing ones. The lack of a central source of the truth and integrated set-up/maintenance workflow processes creates several inefficiencies for firms looking to remain competitive in today’s marketplace. The issues caused include significant disconnects between systems and data users; lack of transparency in relation to new product set-up; and lack of accountability for key data sets. EDM from S&P Global addresses these challenges with its product and account master solution. The solution has been designed based on commonalities gleaned from EDM client implementations as part of an iterative process and delivered back as a reusable template. EDM’s flexible data schema allows firms to expand the template through configuration (rather than customization) to meet the unique needs of the firm. For example, firms can easily maintain different hierarchies for individual regions, teams and business lines while managing the complexity of a multi-team workflow that is unique to the firm.
