NX Standing Data Management
Automate and Simplify Your Data Reconciliation
Brave’s NX Standing Data Management is unique in the Australian market. It can continuously reconcile market standing data and automatically resolve standing data exceptions based on market rules.
The Standing data repository & reconciliation (SDR) solution is built to Australian market specifications. It enables you to see what MSATS sees as well as information from your own systems. You’ll be able to follow the progress of standing data changes not yet finalised in MSATS and the ones that have so, you can run your business processes accordingly.
How NX Standing Data Management works
NX Standing Data Management is a reconciliation module that identifies NMI standing data discrepancies between two data sources. The software identifies discrepancies, makes logical corrections, and gives you the tools you need to bring accuracy to your standing data.
1. Connect
Configure your source of operational standing data or load a snapshot.
2. Store
Store and maintain a repository of accurate standing data; view a summary of data discrepancies and take appropriate action before saving changes to the database.
3. Reconcile
Compare standing data sources continuously or ad hoc to identify conflicting standing data. Choose a date range or ‘single point of time’ comparison for your reconciliations.
4. Resolve
Automatically trigger processes to correct standing data in operational systems and the market to ensure data remains synchronised.
Benefits
Significantly reduce operating costs
Fewer exceptions in your datasets, means savings on operating costs.
Increase billing accuracy
Fewer exceptions also mean fewer disputes from retailers, ultimately increasing end-user and customer satisfaction.
Ease compliance pressure
Data errors often compound, leading to compliance and regulatory risk. Ease compliance pressure by reducing errors.
Predictability for confident decision-making
With up-to-date accurate information, you can spot trends and take action based on data driven insights.
Features
Standing data repository & reconciliation (SDR)
Replicate MSATS data in real-time, as well as having a local copy of MSATS Standing Data for improved accuracy and synchronisation.
Continuous reconciliation monitor
Configures system for regular, automatic reconciliations to provide continuous coverage.
SDR Filtering
Apply filters to any data source to reconcile a subset of the sites in the data
User centric interface
Provides you with easy to navigate market identifier history and reference data.
Single NMI view (SNV)
Market synchronisation with our MSYNC function allows you to synchronise your operational standing data to the market.
Market participant view
Market participant view gives the big picture view of market data using a ‘best record’ approach, whilst the organisation view allows for simplified reconciliation with (non-ring fenced) external office systems.
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