Alliance Organization:
Asset Control
On the Web:
www.asset-control.com
Overview:
Asset Control provides centralized data management solutions for financial institutions worldwide. From business-entity to firm-wide projects, Asset Control offers a strategic reference and market data platform that can deliver the accuracy, consistency and relevancy firms need to reduce costs and risk; manage evolving compliance needs; and accelerate the delivery of new products and services. A Fidelity Ventures company, Asset Control serves some of the world’s most successful financial institutions.
Reference data continues to be a key priority issue for our clients. Reference data errors add at least 10 percent to operating costs as a result of manual exception processing and error restitution costs. The impact to individual firms can be very significant; one missed corporate action can cost tens of millions of dollars.
Accenture's Data Management service line in Financial Services can help clients achieve high performance in data management through planning for data management transformation, operating model definition, system integration, application outsourcing and/or business process outsourcing.
Accenture has significant experience helping clients around the globe implement Asset Control solutions, as well as running an outsourced managed reference data service that leveraged Asset Control's platform. Over the course of these years of experience, Accenture has developed deep data management skills and capabilities including the development of Asset Control solution accelerators, interface components and extensions that can be leveraged to the benefit of our clients.
"We are pleased to have established our global relationship with Accenture. As a leading provider of consultancy services in the financial services market, combined with Asset Control's leadership in pricing and data management software, this unique and complimentary value proposition will be compelling and differentiating."
—Phil Lynch, CEO, Asset Control
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