Financial services firms struggle to accurately and efficiently manage market data spend, usage, and contractual compliance. From overlapping subscriptions, unused seats, non-compliant usage, and the rising costs year after year, market data is not just one of the firm’s biggest expenses, it can be one of the biggest headaches.
Concertiv’s Market Data Solution Delivers:
- Confidence you are paying the best price
- Sourcing insights that ensure you are using the best products
- Managed services including contact, invoice, and entitlement management
In the face of an increasingly complex vendor landscape, managing market data requires more than just great negotiation skills. It requires market intelligence on the vendor landscape that can only come from years of experience working with the 500+ data providers and expert networks in the space. Concertiv knows your industry, has relationships with key suppliers, and leverages our insights and technology to ensure you are getting the most of your market data vendors.
Success in managing market data requires more than just negotiating contracts - it requires managing your vendor portfolio to meet the needs of your team. Do you have the right tools to make the best decisions? Are you paying for subscriptions and feeds your team no longer needs? Do you have overlapping subscriptions? Not only can Concertiv help reduce costs with market intelligence based on peer benchmarks, but we can help you avoid costs entirely by leveraging monthly and quarterly insights of what your team is using and how they are actually using it.
Market data is typically a six to seven-figure annual spend that can be a black box for firms, with very little insight into what subscriptions your team has, contract terms, user permissions, or utilization of resources. Concertiv provides contract, invoice, and entitlement management that removes the day-to-day administrative burden from your team and provides CFO-ready spend reports to ensure you have the right market data tools without the headaches.
Our Customers Say it Best
Chief Financial Officer
Managing Director and Chief Operating Officer
Partner and Chief Financial Officer
A global investment advisor was facing market data price escalations, upcoming contract renewal negotiations, and new procurement needs.
Concertiv’s Market Data experts began a thorough due diligence process, ultimately centralizing all 35+ market data contracts across the organization into the Concertiv360 platform. Concertiv then planned and executed on a comprehensive vendor negotiation process, leveraging benchmarking data and aggregated buying power to secure better terms at a lower cost.
Concertiv was ultimately able to negotiate a lower price for 85%+ of the contracts, providing over $150k in annual savings.
Global Investment Advisor Centralizes Procurement Strategy: Saves $800K in Three Years