Market data invoice reconciliation forms a complex process. Firms usually take a huge amount of products, whereby the vendors’ billing policies differ extensively.
Based upon your market data contracts and market data inventory, INFOmatch automatically validates and reconciles all your invoices with a single mouse click (e.g. Bloomberg SID invoice reconciliation or Thomson Reuters invoice reconciliation).
Discrepancies between real and contractual cost are automatically calculated and are stored for spending analysis. This feature has in some cases proven being able to reduce the workload of the market data manager from several days back to a couple of minutes.
Read more about automated vendor invoice processing