For inventory management, many firms still rely on complex spreadsheets or other tools supporting manual processes, making the invoice life-cycle a hard and tedious process, when it doesn't need to be.
Do you have total visibility of each and every invoice, from it being due to being paid?
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There is a heavy price to pay for financial institutions that consume market data and other information sources but fail to comply with supplier contracts.
Getting to grips with data usage is a challenging task because there is so little existing infrastructure in place to track the use of information services, causing a real lack of transparency into actual data usage across a firm - leaving firms vulnerable. If you could easily understand access and usage, the benefits could be significant, don't you agree?
- Record data spend seen rising further
- Data becoming more complex, more costly
- Data optimization starts with full picture of data landscape
It’s never been more important for firms using market data to keep track of what they spend on this vital information and how they use it.
Yet, for many managers, monitoring the data landscape has never been more of a headache.
The core tasks of managing market data inventory are well-known but only by looking “beyond the core” do insights that really add value and save time and money reveal themselves.
That was the message delivered by Richard Mundell, Chief Product Officer of market-leading enterprise subscription management company TRG Screen, to the DKF 2021 conference.
Optimize Spend 1.0 launched, underpinned by usability and interoperability
New York, London – June 30, 2021 – TRG Screen, the leading provider of enterprise subscription management solutions, has released Optimize Spend to bring together its market leading products – FITS and INFOmatch – with major functionality enhancements to provide a best-of-breed subscription spend management solution.
Is your firm feeling stretched by the sheer volume and variety of licensing agreements? Has the pandemic tested your existing data licensing norms? If yes, then maybe it’s time to explore the benefits of Managed Services.
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Discover how we can help you to optimize your enterprise subscription spend & usage.
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