Firms benefit from high-quality, timely, secure and compliant data
London, 28 February 2018, Commcise, a provider of commission management, research valuation and research accounting platform, and Singletrack, advanced CRM and data analysis specialists for the sell-side, have teamed up to offer timely and secure delivery of high-quality consumption data from Singletrack customers directly to Commcise buy-side customers.
MiFID II now requires buy-side participants to accurately measure, value and report every aspect of corporate access and research consumption. The majority of Commcise buy-side customers have research relationships with Singletrack customers, and this integration puts a direct link between both of their platforms while maintaining the utmost levels of security and data confidentiality.
Customers on both sides benefit from the solution. Singletrack customers can automatically push clean consumption data on a daily basis, as well as consume real-time rejections and more granular interaction-level feedback. Commcise customers benefit from actionable intelligence including readership data and high touch services such as calls, meetings and conferences, while at the same time meeting new regulatory obligations.
“Singletrack customers want their consumption data to be made available to our buy-side customers in a secure, clean and timely manner so that their services can be most efficiently evaluated,” comments Amrish Ganatra, CEO at Commcise. “Our customers use this data to help build a defensible research budget and valuation framework. We are delighted to partner with Singletrack in what everyone agrees is a win-win solution, providing a mechanism that will further enhance the performance and efficiency of our collective customer bases.”
“This is a transformational year in the Capital Markets industry,” comments Stuart Berwick, CEO at Singletrack. Adding, “Singletrack are working in partnership with Commcise and our clients to ensure the automation of interaction data management, a problem which is rapidly becoming prohibitively complex to address manually. Coupled with advanced analytics available from the Singletrack platform, this enables our clients to position themselves for 2018 and 2019 with unprecedented insights into buy-side service levels and resource consumption trends.”
The direct connection uses a bi-directional API that embraces the RIXML standard, it has been configured so that new buy-side customers can be added rapidly, and many customers are already benefiting from the integration.
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Media Contact for Commcise
The Realization Group
+44 (0)7974 937970
Media Contact for Singletrack
+44 (0)203 598 7356
+44 (0) 7970018647
Commcise delivers a fully integrated cloud-based commission management platform for investment managers globally, responding to the latest regulatory drivers, providing automated reconciliation, invoice management, broker voting, consumption or service tracking, commission management, commission budgeting and reporting in a single solution.
Managing commission via CSAs (Commission Sharing Agreements) has historically involved juggling spreadsheets, trade reconciliations and payment processes every month. Many firms have traditionally operated manually intensive processes but, with the increased regulation and transparency requirements under the new RPA (Research Payment Account) regime, firms are now finding this process difficult to scale and monitor with any confidence.
Commcise provides a browser-based solution, fully hosted in the cloud that aims to meet the specific needs of the buy-side, their end clients and their brokers.
Commcise was founded by buy-side industry professionals, with founding members including the partners of a leading Investment Technology consulting firm who have in-depth experience of implementing complex global technology solutions for Asset Management firms.
For further information on Commcise, please visit: http://www.commcise.com or follow us on Twitter @commcise
Singletrack operates exclusively in sell-side capital markets. With headquarters in London’s financial district, the company develops and supplies innovative, industry-specific cloud-based CRM, client engagement and research distribution solutions to investment banks, institutional brokers and independent research providers throughout the world.
For further information on Singletrack, please visit http://www.singletrack.com/