Having a centralized data repository (CDR) fitted with a data quality business rules engine sets asset management firms on the path to better data management. The next step is to integrate the data between the source and target systems via the CDR. This step would result in time and money savings, reduction in user tickets and faster issue resolution (if any).
For asset management firms, the source and target systems primarily include the:
- Third-party data feeds
- Order management system
- Customer relationship management (CRM) system
- Accounting system
- Compliance solutions
- Reporting systems