Federated Investors selects Cadis to enhance data management
Federated Investors, the $370 billion asset manager, has chosen the Cadis EDM platform to enhance data management and transparency throughout the organisation. The selection followed a successful 10-day proof of concept (PoC) that highlighted the rapid implementation and EDM capabilities of Cadis.
The initial implementation will incorporate securities master data along with holdings, accounts, indices and benchmarks.
“As a company we are continually looking for ways to increase operational efficiency and reduce risk,” said Jim Wallace, VP and principal business strategist, Federated Investors. “During the proof of concept, we were impressed by the flexibility of the Cadis EDM platform in handling multiple data sets. By implementing this solution, we’ll allow all departments within our organisation to become much more efficient when enhancing, moving or auditing data.”
“Many firms are overwhelmed by the sheer volume of data throughout the organisation,” said Daniel Simpson, CEO, Cadis. “Companies such as Federated, who have grown through multiple acquisitions in recent years, are being savvy and implementing effective data management solutions in order to meet the stringent investor and regulatory reporting requirements.”