Following the expansion of its instrument coverage last year, Asset Control has yet again upgraded its Tapmaster data management software, but this time with bells and whistles centred on improving its user friendliness and functionality. Version 4.0 of the solution therefore includes enhanced validation, graphical visualisation and exception handling, says the vendor.
Asset Control has added centrally stored validation rules for error detection, which it says allows firms to determine the accuracy and completeness of financial data from a variety of sources. Tapmaster 4.0 also features enhanced exception handling, cleansing and workflow, as well as expanded data source support, standardised data coverage and maintained feed handlers. The latter functions have been added to provide flexibility and broader coverage, particularly for complex instruments, the vendor claims.
Phil Lynch, Asset Control’s president and CEO, is confident that the new additions will make a big impact on the vendor’s client base. He explains that business users can now easily define data validation rules using English language phrases and pick lists in a browser-based interface with the new version. The new rules engine applies each rule and records exceptions, which are then resolved prior to data extraction, processing or populating downstream systems.
Tapmaster 4.0 also provides an intuitive graphical user interface combined with the upgrade, support and maintenance of a web-based solution, says the vendor.
Given that many firms seem to be opting for ASP solutions in the current market, it is unsurprising that many vendors are choosing to upgrade their enterprise data management solutions in a bid to improve their appeal. These vendors will have to go the extra mile in order to close deals under such tight budgetary constraints.
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