Database subscription management is a high-priority activity for financial services firms. Not surprisingly, data managers place enormous emphasis on being compliant, beating subscription costs, and optimizing subscriptions through scalable processes.
Why manage database subscriptions?
Companies use and manage data from multiple databases. In the absence of proper frameworks, they may face cost control challenges, compliance risks, and data fragmentation issues.
Overview of subscription management problems:
Can adoption of a modular approach solve these problems?
Modules of an effective solution cover all the essential requirements of financial services companies – each company can select the ones that are critical for them.
But, is the modular approach successful?
We recognize the importance of modular, customizable, scalable solutions. Companies can make significant cost savings and increase efficiency by implementing these principles. Here are some results Evalueserve has achieved by adopting this centralized and integrated process that provides complete visibility of an organization’s current subscriptions and usage with a structured process to manage the data infrastructure. We drove USD1.3 million savings for a global investment bank by centralizing its subscription management process. We also reengineered the process for a global Fortune 100 financial services firm, helping it manage data access for ~15,000 employees and ex-employees, thereby reducing effort by ~90%.
Discover the impact of improvements to 8 key areas for database subscription management in our recent whitepaper. Check it out!