Reduce your costs
Market data relationships, infrastructure and expenses are difficult to manage. By optimizing market data usage, it is possible to reduce vendor expenses by as much as 90% resulting in up to millions of dollars in savings per year. Changing market data sources can appear to be an impossible challenge. We can help minimize the impact to financial statements, coordinate departments from operations, IT, portfolio managers, to accounting.
Are you getting billed accurately? Vendors frequently overcharge. Many administrators don’t have the ability to track usage for a specific vendor accurately. If you use a 3rd party administrator, some do not accurately track usage either. Do you audit/track usage or roll the dice that they are billed correctly? Do you know how to identify billing errors? If you don’t identify them quickly and ask for a refund it may be difficult to get refunded.
Cost of pricing service
How to evaluate service contract and cost? How to reduce usage? How to evaluate lower service levels which are less expensive? How to get approval through the organization? Are you getting charged extra for using the data in other systems? How often do you review this list?
Service Quality, Customer Service, Pricing Service
How to evaluate quality of customer service, price challenges, ease of getting in contact with a knowledgeable analyst, billing inquiries, handling of problems How to evaluate quality of pricing service (a vendor could have a consistent bias for certain asset classes, inflating the books and records of all clients who used the prices).
We have years of experience in vendor management for small multi-million dollar firms to as large as 70B.
Monitor and Act
We have long term strategies to help your firm stay competitive with your vendors.
Peace of mind
We properly manage as much of the process as you prefer. We maintain plans to help your firm function during vendor outage.
Evaluate which services you have.
Know your contract agreements.
Control and measure your access to vendor's resources.
Compare your records to billing statements.
Most data vendors only refund mistakes caught immediately
Know competitor's terms
Always know what the competitors offer so you know when to switch.
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New Jersey, 07302