Waters Rankings 2016: Best Cloud-based Services Provider — Thomson Reuters
Thomson Reuters fights off fierce competition to take the best cloud-based services provider crown.
Cloud computing is now fast becoming the new normal in terms of software, service and technology delivery. Driven by the consumer and retail sides, institutional finance firms have moved on from any early misconceptions regarding cloud services, and are now embracing the benefits of reduced burdens on existing technology stacks, a pay-as-you-go cost structure that eliminates up-front licensing fees, secure data storage, and the flexibility of not being tied to a specific device, especially relevant now given the rise of mobile solutions and platforms.
Thomson Reuters, a key provider of market and reference data, trading platforms and accounting systems for a large swathe of capital markets participants, has tapped into this trend and has pushed many of its solutions into the cloud via the software-as-a-service (SaaS) model. Much of the vendor’s accounting offering is based on a cloud approach, such as the SaaS for CS Professional Suite, a platform that provides functionality for tax and accounting, asset management, document management, and workflow operations, providing clients with the opportunity to pick and choose which capabilities to access and pay for, instead of having to pay for the entire suite.
Eikon, Thomson Reuters’ flagship data and analytics desktop offering, has also been given a recent hefty upgrade for buy-side users. In March this year, the company completed a multi-year project to consolidate a buy-side-centric range of data, analytics and applications onto the Eikon platform, creating a single point of access for data and a more streamlined workflow.
The consolidation means that asset managers are now, for the first time, able to access I/B/E/S estimates, Reuters news, StarMine quantitative models, environmental, social and governance (ESG) metrics, the Thomson Reuters Deals database, fund ratings from Lipper, Datastream economics, and other products from a single portal. The Eikon Messenger application, which can be delivered as a standalone solution or as part of the Eikon dashboard, has also received a boost through the addition of FX Monitor, featuring a foreign-exchange dedicated chat room, as well as access to real-time currency pricing data and market news to help corporate treasurers manage cash flows on a regional and global basis.
Much of the vendor’s accounting offering is based on a cloud approach, such as the SaaS for CS Professional Suite, a platform that provides functionality for tax and accounting, asset management, document management, and workflow operations, providing clients with the opportunity to pick and choose which capabilities to access and pay for, instead of having to pay for the entire suite.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2024: Rising star (vendor) – data, engineering & product development—Roberta Bill, SmartStream Technologies
Roberta Bill, product manager at SmartStream Technologies, wins rising star (vendor) – data, engineering & product development, in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology leader of the year (end-user)—Sejal Shah, BNP Paribas India Services
Sejal Shah, director and head of Global Markets IT BNP Paribas India Services, wins technology leader of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Reference data professional of the year (end-user)—Ludmilla Morgunova, BNP Paribas
Ludmilla Morgunova, Java developer on BNP Paribas’ Referential Data Platform, wins reference data professional of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (trading and risk)—Mina Wallace, SS&C Algorithmics
Mina Wallace, general manager and senior vice president of the risk management business unit at SS&C Algorithmics, wins the vendor professional of the year (trading and risk) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
Susan Bennett, managing director, global head of product marketing at Tradeweb, wins the above and beyond award (vendor) in the 2024 Women in Technology and Data Awards.
Women in Technology & Data Awards 2024: All the winners and why they won
WatersTechnology honored the winners of the 36 categories in the 2024 Women in Technology & Data Awards, who were announced at a sit-down lunch in London on International Women's Day on March 8.
AFTAs 2023: Best new technology introduced over the last 12 months (data & data services)—SS&C Aloha
Northern Trust: Improving transparency across the asset servicing market
Northern Trust won three categories in the 2023 American Financial Technology Awards. Paul d’Ouville, global head of technology solutions and servicing at Northern Trust, discusses his firm’s fourth consecutive win in the Best reporting initiative…
Most read
- Women in Technology & Data Awards 2024: All the winners and why they won
- Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
- Fighting FAIRR: Inside the bill aiming to keep AI and algos honest