Product-Master-Module

Product Master Module

Product Master Module

GoldenSource Product Master meets the challenge of efficient sourcing, onboarding and cross-referencing of information from diverse sources and systems. The module is a key component of the GoldenSource data management system and can be configured to your precise needs. 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

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

The amount of data has exploded as companies launch complex, customized products and services and their businesses have gone global.

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

The Product Master module is a key component of the GoldenSource data management system, and can be configured to your precise needs.

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

Product Master delivers:

  • Fully scalable & customizable data governance
  • Map fields according to existing requirements or industry best practices
  • Feed data to downstream and reporting systems
  • Extensive & comprehensive Professional Services Group (PSG) support
  • Largest in-house PSG in the industry
  • Fast & reliable regulatory response
  • Future-proof data management
  • Take advantage of 30+ years of industry experience
  • Benefit from the market leading, industry-tested GoldenSource data model
  • Proactively address future regulatory requirements utilizing a single platform
  • Faster product development and time to market with collaboration from multiple groups in different locations
  • Portfolio managers understand the product hierarchies and ensure product suitability
  • Buy-side ability to setup investment management accounts as products
  • Accurate, defensible regulatory reports
  • An auditable history of changes to data and who made them
  • Well governed and controlled management of product creation and maintenance through assignment of tasks to groups of users, tracking of Service Level Agreements (SLAs), reassignment of tasks from overloaded users to others and approval of tasks

Deployment Options

GoldenSource has the expertise and resources to ensure that your Data Management Solution is configured to suit your business.

It is available on-site, hosted or as a cloud service.

The GoldenSource Enterprise Data Management System

Goldensource EDM Software Diagram