|Market Data Outsourcing|
• Invoice Processing & Reconciliation
Screen Consultants will check the vendor invoices for accuracy and completeness, reconcile them with the underlying contracts and allocate the costs to the users.
In the event that invoice reconciliation results in variances Screen Consultants will report these with the client. All variances will be recorded in our market data management system INFOmatch (see also www.infomatchonline.com) and reported.
Action to the suppliers has to be agreed with the customer.
All contracts will be stored and maintained in INFOmatch including all relevant costs, expiry details, notice periods and important textual contract terms. This will prevent you from missing contract cancellations and it will put you in a position to re-negotiate your agreements timely before the automatic renewal dates.
The data & product permissioning overviews can be used to update INFOmatch or market data permissioning tools that are used internally (e.g. Reuters, Bloomberg, etc.). This is time efficient and will prevent discrepancies between services paid to and authorised by the vendor or exchange.
Each quarter we will produce the honesty statements for the market data vendors, exchanges and third party suppliers. The electronically produced honesty statement will give the vendor confidence that the client is also paying for the services that are used.
As a result of this service you will experience an increasing cost awareness with the users and the management and therefore the overall growth of costs will be kept to the minimum. Furthermore, the users will become more critical on future additional service requests and they will develop an understanding for the price quality of the different services.
A properly populated, maintained market data database will simplify the overall maintenance of your market data records, and it will allow you to make the necessary reference checking.
We will provide you with a wide range of reports that include:
• By cost centre, user, vendor
|Areas of Expertise