PolarLake Announces Standalone Reference Data Reconciliation Solution

1 July 2008

PolarLake has today launched a standalone Reference Data Reconciliation solution dedicated to fixing the problem of poor reference data quality in downstream systems. The solution allows the organization to reconcile its centralized Golden Copy with the distributed copies of reference data in the downstream systems.

The key features of the product are:
• Flexible to all data formats
• Reconciliation rules implemented by data analysts
• Pre-built reports provide trend analysis by asset class and time series
• Complementary to existing Reference Data Distribution mechanisms
• Exception management and BPM support

The key benefits to financial institutions of adopting PolarLake Reference Data Reconciliation are:
• Faster troubleshooting of data distribution problems
• Helps discover data integrity problems with other applications or users overwriting Golden Copy data
• Supports continuous improvement, control and verification of data quality
• Provides confidence and evidence to the business that the investment in EDM is delivering real business value
• Less costly to support and maintain over the life of the program compared with traditional reconciliation systems

Commenting on the release, John Randles, CEO PolarLake said, “Integration is the key challenge to providing enterprise-wide reconciliation for a typical reference data implementation. This is why PolarLake, with its very strong integration and Reference Data Distribution pedigree, is ideally suited to delivering a solution to this problem. Once the Golden Copy is created, it is often distributed in many formats, in many parts to many systems. The PolarLake Reference Data Reconciliation solution will provide business and IT confidence in the end-to-end integration of reference data from feed to downstream system.”

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