For asset managers, asset owners, and financial institutions, benchmark data is at the core of investment decisions, portfolio tracking, and regulatory compliance. Yet, for many firms, managing this data is becoming increasingly complex. Fragmented systems, inconsistent data sources, and compliance challenges create inefficiencies that slow down operations and increase costs.
Rimes has long been a trusted provider of benchmark data, helping firms streamline access to high-quality, validated data. Now, with the Enterprise Benchmark Solution (EBS), firms can take benchmark data management a step further – integrating security mastering, data governance, and automation into one seamless framework.
Why Firms Need a Better Approach
The demands of the financial industry are evolving. Firms are no longer just looking for access to more data – they need better ways to manage, validate, and distribute benchmark data across their organizations. Common challenges include:
- Sourcing and managing multiple benchmark data feeds – firms pull data from various providers, leading to inconsistencies and reconciliation issues.
- Ensuring accuracy and compliance – manual processes increase the risk of data errors, which can lead to compliance challenges.
- Rising operational costs – legacy systems and manual workflows make it expensive to scale and maintain data infrastructure.
The Enterprise Benchmark Solution is designed to reduce these inefficiencies, improve accuracy, and simplify compliance by providing a single, authoritative data source.
How EBS Enhances Benchmark Data Management
EBS builds on the existing Benchmark Data Service, incorporating additional components that provide a more structured and automated approach to data management:
- Rimes Data Lakehouse – a centralized cloud-based repository for both Rimes and client data. It eliminates data silos and ensures a single source of truth for all benchmark-related information.
- Rimes Security Master – creates a golden copy of security data by aggregating multiple sources, ensuring consistency and eliminating discrepancies.
- Benchmark Master – offers a governance framework for managing benchmark data, ensuring firms have full control over their licensing, metadata, and compliance needs.
By integrating these components, firms can transition from manual, fragmented data management to an automated, scalable solution.
Real-World Impact: A Case Study
A tier-one asset manager in Switzerland was struggling with inefficiencies in its benchmark data infrastructure. Their previous system relied on multiple data vendors, manual reconciliation, and outdated compliance processes, leading to high operational costs and limited scalability.
With Rimes’ EBS, they were able to:
- Consolidate benchmark data in the Rimes Data Lakehouse, reducing infrastructure costs and improving accessibility.
- Ensure data consistency with the Security Master, eliminating reporting discrepancies.
- Automate compliance and index licensing, reducing manual workload and improving governance.
As a result, their investment teams could spend less time managing data and more time making strategic decisions.
A Future-Ready Solution for Benchmark Data
By integrating benchmark data into a single, automated framework, EBS not only solves today’s challenges but also prepares firms for the future. Whether it’s improving regulatory compliance, reducing operational costs, or enabling real-time insights, EBS provides the foundation for more efficient and informed investment strategies.
To learn more about how Rimes can help optimize your benchmark data strategy, explore the full solution here.
