A powerful reconciliation and control platform is useless if it can't handle any data in any format, from anywhere across your organisation. So how do you ensure that it can?
Our three stages of data control podcast series sees Neil Vernon, Gresham’s CTO in conversation with Gert Raeves, Adox Research. Neil talks us through the three stages of data control: from the static and fixed reconciliation engines of old to under-delivering offshored centres-of-excellence, and ending with current state-of-the-art flexible and end user-focused reconciliation solutions which support highly the highly automated reconciliation processes that a modern business needs.
Listen to 'The Three Stages of Data Control - Part One' below:
Taking us back to the mid 90’s Neil looks at the (r)evolution of reconciliation - from print-outs, calculators with ribbons and highlighter pens to architecting and building an industry recognized enterprise reconciliation platform that delivers true data confidence.
Neil discusses the benefits of a no-fixed-schema approach to data modelling and why that matters to the ability to handle any asset type, increased end-user and deployment speed, transparency and scalability. He explains why the derivative reconciliation process had to evolve to meet the complexity of OTC derivatives (and how 50% of these reconciliations were failing) and why many in the industry are still making decisions based on information with obvious data quality issues, as well as what can be done to turn this around and enable firms to reconcile 100% of the their data 100% of the time, with confidence.
Listen to Part 2 - Debunking myths around silver bullet technologies
Listen to Part 3 - Collaborate to Innovate
Listen to Part 4 - Complexity versus Simplification