GoldenSource, a supplier of enterprise data management products for the securities and investment industry, is now offering its software as a managed service.
Financial institutions can use GoldenSource OnDemand to increase efficiency, data quality and transparency and reduce costs, the company said Tuesday.
Outsourcing IT management of data infrastructure to GoldenSource streamlines data management operations while also allowing the institution to retain authority over its data, GoldenSource said.
"Sourcing, cleansing and distributing trusted reference data is at the top of the agenda even for small institutions due to regulations, risk, and the need to obtain a 360-degree view of the business," Mike Meriton, chief executive of GoldenSource, said in a news release. "In fact, more efficient enterprise data management may help institutions to gain significant extra revenue through increased sales or cross-selling. The flexible delivery model of GoldenSource OnDemand makes it easy for any size of firm to take advantage of the full power and best practices of the GoldenSource EDM suite off-the-shelf, with a simple, secure connection over the web. It's like turbocharging your EDM systems."
