iGATE has developed a holistic, nine-step solution for end-to-end Reference Data Management. Our Reference Data Management Solution (RDMS) follows a step-by-step approach to manage the entire reference data management environment from vendor data rationalization to enterprise reference data architecture design and integration, and from indexing to automated data cleansing and distribution.

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• Reference and Data Rationalization (RADAR) - Create a cross reference of each data element and rationalize reference data spend buy indentifying duplicate purchases.
• Enterprise data architecture assessment - Evaluate current architecture, align it with future growth plans and identify constraints for the enterprise reference data architecture.
• Index and Normalize securities data - Create a consistent single enterprise wide key matrix for all securities.
• Automated data cleansing systems - Supporting a rules based commercial reference data cleansing system.
• Manual data cleansing support - Kudos BPO partnership which gives us the capability to bring data to 99%+ clean level.
• Corporate action processing - Maintain security reference data by automatically applying CA's with manual support for complex electives.
• New securities setup - Monitor security masters continuously and set up new securities on demand.
• Enterprise reference data distribution - Enable BOCADE (Buy Once Cleanse And Distribute Everywhere) data distribution.
• Reference data efficiency dashboards - Make RDMS black box transparent by monitoring reference data consumption, quality, and cleansing status.

Firms can implement RDMS as a single component, totally managed drop-in service integrated within a client’s IT environment, or, they can choose individual components to suit their mission requirements.

Business Value Achieved
The Reference Data Management Solution will:

• Mitigate your risk and rationalize the cost of managing your reference data
• Rationalize reference data consumption, buying data one time only
• Allow you to control the distribution of data within the organization in the required format
• Be available as a fully hosted / outsourced / managed / in-house solution, allowing clients to eliminate large up-front license and capital expense, thereby reducing the total-cost-of-ownership by up to 50%.