Firms are spending millions of dollars on reference data from multiple sources in disparate formats, which requires continuous cleansing and reconciliation. Despite significant effort and expense, these problems have not been resolved, and in fact, seem to be getting worse.
Accenture undertook a study in partnership with Greenwich Associates to better understand this problem. We interviewed 133 buy- and sell-side professionals globally to determine where the reference data disconnect lies and what can be done to set firms on the right path.
We reveal the findings in this report.