Expense Management

MDM can save you money on an on-going basis – typically 20 percent or more of your market data expenditures – by identifying opportunities for cost reductions, such as elimination of duplicate services and unnecessary contract renewals. At-a-glance reports show exactly how much money your organization is spending on market data services, and where you’re spending it. With instantaneous access to that information, you will be in a much stronger negotiating position with vendors. With MDM you’ll be able to charge costs back to the appropriate cost centres to produce accurate profitability reports.

Invoice Reconciliation

MDM enables you to quickly flag invoicing discrepancies by predicting invoice amounts and matching them with the actual numbers. Past invoices are stored within the system so that spending trends can be tracked and analysed on a vendor-by-vendor basis.

Forward Thinking

MDM’s pro-active alarm system will email the right people in time for them to make informed decisions; whether it’s an overdue invoice, end of a trial period or a whole contract that must be reviewed.

Versatility

MDM can support all types of vendor pricing, including tiered and discounted prices. It supports multi-currency transactions and keeps track of the regional availability of services. MDM also deals with Multiple Instance Single User (MISU) issues.