Unfortunately, many organizations experience friction between centralised EDM teams and the business units that they serve. This is most evident when it comes to specialised and complex datasets. If there are requirements that EDM teams struggle to support, then business units can justify adopting a more maverick approach.
The solution is simple. EDM teams need to be more in tune with business requirements. They need to ensure their business colleagues have no reason to work around them. They need to operate EDM platforms that are agile, business-ready and collaborative.
TimeScape EDM+ is agile at its core. It supports a powerful object-oriented data model that is easily extensible to capture nuances in each asset class or new business logic. It is simple to deploy, with pre-built adapters to integrate data from virtually any source. And it is agile in its distribution options, with the ability to publish data to leading business intelligence tools – including Microsoft Power BI, Excel and Tableau BI, as well as a range of leading risk management systems or proprietary analytical models developed in Numerix, Matlab, R or F#.
Timescape EDM+ serves the whole enterprise. It doesn’t matter if you’re a trader, portfolio manager, risk manager, IT manager, compliance officer or finance executive, you get straightforward access to consistent, validated, cleansed data via your choice of interface.
As a centralised platform that everyone can access, TimeScape EDM+ provides your Enterprise with a single version of the truth. Even if different teams decide to price the same instruments using slightly different models or data inputs, knowing those differences and having clear insights into data lineage means they can quickly reconcile any discrepancy.