CODiE Awards 2022: Best Financial & Market Data Solution – Optimize Spend

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Write up

The volume, variety, format and sources of market data and other information services has exploded and evolved in recent years. It can seem an impossible task to deliver the right combination of services to the business while reducing costs. Especially if you are lacking a single view of your entire subscription environment, and an easy way to generate reports.

Optimize Spend – a major component of the Optimize platform – brings all your market data (and other information service) subscriptions into a central platform making it easier to manage and optimize market data spend and usage.

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Optimize Spend transforms the way firms manage their spend on market data

Optimize Spend transforms the way firms manage their spend on market data, with an emphasis on cost cutting, process efficiency and compliance. It completely changes the way you think about your market data spend and enforces cost awareness across the entire organization. It tracks, organizes, calculates and provides advanced reporting on all vendors, contracts, products and users to maximize every dollar spent.

Optimize Spend provides streamlined inventory management, complete transparency and visibility of inventory and costs, easy identification of cost reduction opportunities, data integrity and consistency, improved vendor and exchange compliance and precise financial reporting and budgeting.

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Optimize Spend brings you greater automation to minimize manual input and maximize value-add. It also offers better connectivity and improved compliance management, with streamlined user experience to handle frequent use cases with minimum effort.

Automated

• Rule-based straight-through-processing for invoices
• Fully automated order and invoice approvals
• Automatic reminder and task tracking for contract renewals
• Minimize manual input and maximize time spent on adding value

Connected

• Seamlessly connect internal systems through automated API links
• Read and write data to/from Optimize Spend with web APIs
• Connect third party robotics tools to automate based on your business workflows

Compliant

• Track and disseminate contractual rights to the correct audience
• Identify out of contract usage
• Built-in exchange policy and price notifications

Powerful

• Streamlined user experience handles frequent use cases with minimum effort
• Intuitive design for ease of use coupled with unmatched feature set
• Self-service portal with powerful functionality there when you need it
• Robust, proven, cloud technology that is scalable for all sizes of organization
  
  

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Flexible and Scalable Platform

Optimize Spend is a completely flexible and scalable platform, able to deliver value to firms with only a few vendor relationships through to those managing hundreds of millions of dollars of subscriptions. It is intuitive with a modernized UI while being based on mature, stable and secure existing technology.

Unlocks Valuable Insights

Optimize Spend unlocks valuable insights, with personalized dashboards that bring your subscription spend to life with visual analytics, actionable insights and instant reporting.

Game Changer for the Industry

The Optimize platform is a game changer for the industry. With Optimize, TRG Screen will be the only vendor offering market data spend, usage, compliance and enquiry products from one provider as an integrated offering.