NEW YORK, VIENNA, October 30, 2014 - AIM Software, the leading provider of data management solutions to the financial industry, announced that its GAIN Data Management was ranked a "Best-in-Class” in two categories in the CEB TowerGroup analyst report on"2014 Data Management Systems.”
AIM Software received its rankings based on the analyst's five-point rating system for each of the 21 ”best-in-class” attributes identified in its proprietary Data Management systems Diagnostic anatomy. The technology analysis profiled and quantitatively evaluated Data Management technology solutions from AIM Software and other leading vendors.
The two categories in which AIM Software's GAIN Data Management received a "Best-in-Class” designation were Business Process Improvement and Product Scope. The "Business Process Improvement” measures how the product improves governance, reporting, and enables business rules, validation, and compliance support. The "Product Scope” category describes what the product can accomplish regarding coverage and auditability.
CEB TowerGroup research director Gert Raeves, said: "Almost 70% of capital markets firms either do not have a data management strategy or have yet to invest in them. Firms that have not defined a data management strategy either do not see a business case or are still exploring it. The lack of a cohesive data management strategy tends to put firms on the defensive, causing them to underfund growth-related data initiatives.”
Martin Buchberger, CEO of AIM Software, stated: "AIM Software's mission is to deliver the most innovative business applications to meet our clients' demand for efficient data management operations.”
The Business Applications are packaged, purpose-built sets of business functions, aimed at improving discrete business processes, underpinned by strong data management capabilities. They include end user workflows, allowing business users to configure the application as the business grows and changes without requiring IT staff.
"Firms are making it clear to us in their selection process that they prefer targeted Business Applications rather than tool-based custom development, when it comes to enterprise data management. We view several recent client wins as a strong sign of demand,” continues Buchberger.
For the second consecutive year, AIM Software received the "Best EDM Platform for Portfolio Pricing & Valuations” award at the prestigious Data Management Summit (DMS) in London in October of this year. More recently, AIM Software announced it has strengthened its presence in New York to respond to the strong demand for business applications, on the basis of two US-based Tier-one client wins.
"Based on the feedback from our large user pool, we embarked on what we believe is the next evolutionary step in enterprise data management with ready-to-use business applications based on our platform GAIN. These two nominations are the recognition of AIM Software's commitment to providing the industry with innovative solutions required to generate the best possible results," concludes Buchberger.
About AIM Software
AIM Software is the leading independent provider of data management products to the financial services industry since 1999. With more than 110 references, and offices in Austria, Luxembourg, Switzerland, France, the UK, and the US, AIM offers low risk all-in-one software packages, based on its industry-proven data management platform GAIN. For further information, please visit www.aimsoftware.com.
GAIN is the new generation EDM platform based on Business Applications. The Business Applications are packaged, purpose-built sets of business functions, aimed at improving discrete business processes, underpinned by strong and modern data management capabilities. The business applications include security master data, reference data, pricing hub, corporate actions and entity data.
Compared to traditional approaches based on tools and frameworks, GAIN's Business Application approach ensures custom developments are kept to a minimum, projects are faster to implement and the overall cost of ownership is lower.
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CEB does not endorse any vendor, product or service depicted in our CEB TowerGroup publications and does not advise technology users to select only those vendors rated "best in class.” CEB TowerGroup research publications consist of the opinions of CEB TowerGroup's analysts and should not be construed as statements of fact. CEB disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.