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GoldenSource Releases Version 8 of its EDM Suite

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GoldenSource, booth # 3109 has released version 8 of its EDM platform, which the vendor says offers advanced functionality for managing business risk, particularly in high risk areas such as corporate actions, pricing and data quality.

Version 8 is built around a standards-based J2EE application server framework, thus making it easier to configure, integrate and deliver than previous incarnations. The EDM vendor believes the solution provides customers with scalability, security and high availability out-of-the-box.The updated platform features a new set of preconfigured connections to content providers, including Bloomberg Extended, Fidelity ActionsXchange’s ActionService ISO 15022, Interactive Data’s ISO 15022, S&P’s GICS Direct, Fitch Ratings’s Enhanced RDS and Reuters DataScope’s DS Select. There are also a number of data quality upgrades focused on: improving matching and exception management in the area of corporate actions notifications; pricing capabilities for validating vendor data and handling exceptions; and flexibility in the definition and management of data completeness. Accordingly, version 8 allows different consumers to specify their critical data attributes in a non-linear manner. Tom Stock, senior vice president of product management at GoldenSource, explains: “We’ve made the technology firepower even easier and more accessible for data professionals to use, really helping them to own the process, drive data quality and interact with the data flow at a business level.”As well as functional alterations, the new version includes technical advancements such as a workflow-oriented and SOA-enabled architecture. These technical adjustments allow rapid deployment of end-to-end data management solutions via a graphical configuration interface. The vendor has also improved the system management interface in an attempt to provide easier and faster implementation and production management.All configuration tasks are carried out in a standards-based Eclipse framework, and GoldenSource believes this will dramatically increase the transparency and auditability of business processes, as well as reduce the time to market for implemented EDM solutions. “A user-friendly interface design, focus on flexible and standards-based workflow, as well as preconfigured connections to specialised vendor data products, make it possible to get data management out of the IT realm and firmly under the control of the business,” contends Stock.

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