New York, NY (PRWEB) June 28, 2011
Open Link Financial, Inc. (OpenLink), a leading provider of cross-asset trading, risk management and operations processing software, today released findings from a recent webinar hosted by Maven Wave Partners in conjunction with Wall Street & Technology which surveyed capital markets professionals on enterprise data management (EDM) strategies.
The survey revealed the main drivers for EDM strategies for these capital markets professionals were:
- Risk management and compliance: 38%
- Fueling business growth: 29%
- Regulatory pressure: 10%
- Demand from senior management: 8%
- Other: 15%
Also revealed during the event were the key attributes firms were seeking in their EDM solutions, including (in order of preference): data quality/integrity, standardization/simplification of process flow, data governance, as well as implementation of data warehouse and business intelligence.
Gary Koche, Managing Director, Capital Markets North America at OpenLink, noted, “The data shows that the industry is just now starting to reap the full impact that EDM can have – and should have – on a firm’s bottom line. Converting technology spend into business opportunity is critical for our clients to effectively quantify and justify an initiative’s ROI. Leveraging enterprise data management offers a great opportunity to achieve untapped operational improvements.”
Eric Gulbrandsen, Managing Director, Financial Services Practice at Maven Wave, added, “We’re also seeing that companies are using EDM to feed their appetite for real-time data views of prices, P&L, cash flows and risk. Many are using it to bring customer and market data closer to the trading operation to help improve profitability.”
To download the podcast of this webinar, visit: Enterprise Data Management Webinar
Founded in 1992, OpenLink is a provider of cross-asset trading, risk management, related operations processing and portfolio management software solutions for the commodity, energy and financial services markets globally.
OpenLink's client base of more than 350+ customers worldwide includes 12 of the top 25 largest commodity and energy companies by market capitalization, eight of the largest financial institutions and 11 of the largest central banks, as well as major hedge funds, commodities companies and public utilities.
Headquartered on Long Island, New York and with offices in New York City, Houston, London, Berlin, Vienna, São Paulo, Sydney, Singapore, Moscow and Toronto, OpenLink has more than 1,000 employees worldwide.
About Maven Wave Partners
Maven Wave Partners provides management consulting, technology delivery and outsourcing services to companies that seek exceptional business advancement through transformation. Maven Wave hand picks the top business and tech savvy talent based on unique client needs and is focused on delivering the entire chain of consulting services, from strategy to implementation to operations and results management.
The management team of Maven Wave Partners has successfully delivered for a wide variety of clients across several industries, including both mid-market and large scale corporations.
For more information, visit http://www.mavenwave.com.