Optimise your data spend and gain greater insight on your data usage
Xenomorph’s Commercial Data Management Solution enables you to track the usage and cost of data within your organisation, reduce those costs and maximise the efficiency of your processes.
Inserting Xenomorph Commercial Data Management between internal applications and data vendors can immediately eliminate multiple requests. Any new data from the vendor is then saved to Xenomorph for future use and to prevent future duplicate requests.
- Identify and eliminate unnecessary data costs
- Track which data fields are being used and any that are not
- Prevent multiple billing requests across systems and departments
Dashboards and reports provide oversight of data consumption – and the cost implications – attributable to users, systems and departments. This can apply to historic data across the firm, or active requests to highlight potential actionable efficiencies, allowing for a full reconciliation against vendor billing.
- Emulate charging mechanisms to attribute costs across your firm
- Easily dissect fees across various dimensions – from an individual field to a file, application, or department
- Analysis can be applied both to historic records and active requests
Cost allocation modelling enables data sets to be traced to consumers, measured across intervals of time, and costs allocated using approved billing methods. Create usage metrics and internal billing across your enterprise that more accurately reflects the true costs to the business.
De-duplication logic and matching processes ensure that the same instrument is not created multiple times.
- Manage data requests centrally using firm-wide policies
- Resides transparently within your infrastructure to minimise integration work
- Configurable cleansing and validation logic to ensure data quality
Seamlessly Integrates With Existing Architecture
Legacy systems are often tightly connected to one particular vendor, and changing this can be very difficult, especially if it is an old system and the original integration team is no longer available. Xenomorph Commercial Data Management is able to transfer data in the same format used by each of the legacy systems so that no modifications are required.