Best Enterprise Data Management Vendor: GoldenSource
IRD/IMD Awards 2017
John Eley, CEO at GoldenSource, puts the win down to the company’s decision two years ago to gather feedback from customers and prospects on the firm’s strengths and weaknesses. “We listened to what the market was actually saying, and what they told us to do we did,” he says.
The work started with improvements to the user interface. “We completely changed how users interact with the system, and the new version is easier to work with,” says Eley, explaining that users now depend less on involving IT teams to make changes. In addition, conversations with customers revealed opportunities for improving data cleansing and normalizing tools.
According to Eley, sales have skyrocketed following the new system release, and close to half of the customer base has either already upgraded or is in the process of doing so. “We had a record year last year with sales in every region where we have a sales presence,” he says.
GoldenSource’s success also comes from its move into application management and hosted offerings—another launch that followed the 2015 feedback process. “It was very clear people wanted to specialize and move away from managing the application and focus on the data cleansing instead,” says Eley. GoldenSource has now seen continued traction in hosted services, with the market moving more in this direction. “We expect half of our customers to undertake some sort of application management or hosting over the next few years,” he says.
Traditionally known as being solely an EDM vendor, GoldenSource now utilizes its scalable and flexible data model to underpin other solutions, helping solve data management challenges such as reporting, which needs to be carried out in specific formats to meet different regulatory standards. Right now, the vendor is building out a regulatory reporting infrastructure, starting with a reporting framework for the Markets in Financial Instruments Directive II, which will go live for the first customers in the coming months.
With GoldenSource’s new strategy it is clear that having an EDM platform is not something that only will benefit IT—it is about generating the most value from data and overcoming business pain points for all data consumers.
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
- Dark horse: Deutsche Börse building dark pool