Product Master Data Management

Accurate, complete, and efficient product master data management

Product Master data management from GoldenSource meets the challenge of efficient sourcing, onboarding and cross-referencing of information from diverse sources and systems. Seamlessly manage related workflows and consolidate, analyze, audit, update and distribute key product information to every sector of your company simultaneously.

Talk to us about how Product Master can work for you

Why Deploy Product Master data management

Creating, storing and accessing financial product-related data across a company’s different internal systems and multiple locations has become increasingly complex.

product master

Competitive pressures dictate that time to market—from product idea to launch—has to be shorter. In order to measure and manage risk and performance, there must be a link between products and tradeable assets.

Organizations also need consistent data for regulatory compliance, reporting, and transparency (e.g. for Dodd-Frank, Basel III and MiFID II). Consistency of data is also necessary for descriptions to business lines and partners, fact sheets for clients, and fees charged.

With Product Master data management, your firm meets the challenge of efficient sourcing, onboarding and cross-referencing of information from diverse sources and systems.

Not sure if you need one? Check out our Product Master 101 article here.

Firms easily manage related workflows and consolidate, analyze, audit, update and distribute key product information to every sector of the company simultaneously.

Product Master Features

Handles all product types including mutual funds and ETF’s
Integrates with advisory services, separately managed accounts and insurance products
Categorizes multiple product lines and groups
Defines product structure as at a specific date
Determines from which part of the organization, and from which location, the product is sold
Masters multiple product hierarchies, e.g. regulatory and management
Fee/Pricing structures
Defines relationships between the products and services to the organization, e.g. line of business, division or branch that sells the product
Supports the Sales Channel – what part of the organization, employees are involved & their roles
Tracks activity with partner companies or independent professionals who sell the product, such as independent insurance agents and financial advisors
Stores regulatory compliance information