RX STANDING DATA MANAGEMENT
Reconcile standing data as market changes happen.
Identify discrepancies in your standing data and resolve conflicts with RX Standing Data Management. Our solution compares your current standing data with market standing data to identify inconsistent data values. Once conflicts are identified, the self-correcting solution goes to work, updating your repositories and integrated applications.
RX Standing Data Management enables easy reconciliation of multiple standing data sources across multiple systems. The reconciliation process provides ongoing data accuracy checks by automating regular comparisons between the market and your repositories.
How RX Standing Data Management works
RX Standing Data Management, hosted on Bravecloud™, is a standing data storage module with reconciliation capability.
1. Connect
Connect your standing data with market standing data.
2. Store
Stores and maintains a repository of accurate standing data or you can view a summary of data discrepancies and take appropriate action before saving changes to the database.
3. Reconcile
Compares and identifies conflicting standing data. Choose a date range or ‘single point of time’ comparison for your data analysis.
4. Resolve
Our software corrects standing data, updating the stored data and associated applications.
Benefits
Free up valuable resources
Reduce operating costs associated with standing data errors. Redirect your employees to more valuable tasks.
Increase billing accuracy
Highly accurate data means you’ll manage fewer exceptions, improve your billing function, experience fewer complaints and ultimately improve customer service.
Predictability for confident decision-making
Forecast future performance with confidence, knowing your data is highly accurate.
Ease compliance pressure
Get your numbers right the first time. Improve compliance by reducing data errors and minimising your overall regulatory risk.
Features
Standing Data Repository and Reconciliation (SDR)
Replicate MSATS data in real-time, as well as a local copy of the MSATS Standing Data for improved accuracy and synchronisation.
Continuous reconciliation
Configure your system for regular, automatic reconciliations to provide continuous coverage for your businesses operations.
Single NMI View (SNV)
Featuring a user-centric user interface, RX Standing Data offers easy-to-use market identifier history and reference data.
On-demand reconciliation
Allows you to run ad hoc reconciliation whenever you need to check a specific data set.
Custom user views
Market Participant view provides an overall view of market data using a ‘best record’ approach. While Organisation View allows for simplified reconciliation with external office systems.
Multiple data sources
Supports multi-role and multi-participant data sources. You can configure data sources for integrated solutions to automatically reconcile and resolve discrepancies across your end-to-end solution stack.
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