Best Reference Data Newcomer (Product): AIM Software
IRD/IMD Awards 2017
![IMD/IRM Awards 2017 Best Reference Data Newcomer Product](/sites/default/files/styles/landscape_750_463/public/2017-06/6.%20Best%20Reference%20Data%20Newcomer%20Product%20-%20AIM%20Software.jpg.webp?h=fc54edd6&itok=f0fMlTmA)
Vienna-headquartered AIM Software was approached by clients with just six months to make changes to avoid a 20 percent increase in data costs, as existing limits were being removed by a data vendor—potentially having a huge impact on data expenses.
AIM Software dived into a project to help clients quickly, coming up with GAIN Data Portal, which allows users to source data from a centralized location, thus controlling data usage. Firms using the system can add a list of authorized end-users that can run predefined requests and download data on demand via a web-user interface, which reduces reliance on terminals and negates the need to pay for more users than necessary.
Judges praised AIM Software for a “welcome and necessary” offering, which solves a “cost dilemma”. The initiative was also celebrated for its “innovative and client-sensitive approach” with “continued advancement of features to enable users to control access, distribution and usage of data”.
The system, which was launched last year, has also proved easy to install for clients, with one existing client being able to install GAIN Data Portal within a day, and then roll it out to ensure hundreds of spreadsheets could source data directly from the portal to comply with vendor licensing agreements.
Olivier Kenji Mathurin, head of strategic research at AIM Software, says the company has seen huge interest in the GAIN Data Portal as pressure continues to mount on heads of data to find detailed information on data usage, keep costs down and be better positioned when negotiating contracts. “Initial savings are typically delivered from the outset thanks to sourcing optimization. The product also facilitates transparent cost allocation across business units,” he says.
While data vendors continue closing deals with data-hungry users, AIM Software is doing exactly the same, enabling users to track which of the datasets are being consumed where.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Sell-Side Technology Awards 2024 winner’s interview: Broadridge
In this year’s Sell-Side Technology Awards, Broadridge Financial Technology won Best outsourcing provider to the sell side thanks to its hugely successful business process outsourcing offering
Waters Rankings 2024: Best market risk solution provider (highly commended)—FactSet
Product/service: FactSet Multi Asset Class Risk Solutions
Waters Rankings 2024: Best portfolio management system provider (highly commended)—FactSet
Product/service: FactSet PM Hub
Waters Rankings 2024 winner’s interview: IPC Systems
IPC Systems won the Best cloud infrastructure provider category in this year’s Waters Rankings. Tim Carmody, CTO of IPC, discusses his firm’s recent success in the rankings
Waters Rankings 2024 winner’s interview: Vneuron
Vneuron Risk & Compliance won the best AML compliance solution provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: Cloud9
Cloud9, part of Symphony, won Best trading floor communication system provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: AI Risk
New York-based AI Risk won the Best cyber security provider category in this year’s Waters Rankings.
Waters Rankings 2024: Best performance measurement and attribution system provider—FactSet
Product/service: FactSet Performance Solutions