December 22, 2010
Dovetail launches Liquidity Dashboard
Dovetail, a London, UK- and New Jersey, U.S.-based provider of payment services hubs, has developed the Dovetail Liquidity Dashboard, which offers corporate users the ability to view, interrogate and analyse real-time liquidity data.
End users now have the capability to interrogate and analyse vast quantities of intraday and short term cash flow data without bothering their IT department or software vendor, Dovetail says. While real-time liquidity management is offered by numerous vendors, users are often limited by a lack of flexibility and availability of data.
"Queries and calculations (in real-time liquidity management applications) tend to be hard-coded to cope with the vast quantity of data, and this often limits the business user or downstream application to a small set of views," Tom Miller, Senior Consultant at Dovetail, said. "To be truly useful, the (applications) need the ability to manipulate real-time data to answer dynamic questions. The Dovetail Liquidity Dashboard handles vast quantities of data in real time, providing drill down from user-defined aggregate positions to transaction-level details."
The need for real-time liquidity data is increasing and data consumers are increasing in their sophistication. To date, in-house developed and vendor solutions have adequately handled the integration, matching and normalisation functions, Dovetail says. But both suffer from limitations in analysing these vast quantities of data flexibly and in real time. Regulatory and business challenges require smarter and more efficient use of real-time data without the need for IT departments or vendors to recode and optimise queries.
The Dovetail Liquidity Dashboard is available as a standalone application or as a module in Dovetail's payment services hub offerings.
Founded in 1999, Dovetail has provided its technology to some of the world's largest banks. The Dovetail Payments System automates the processing of a wide range of payments, from bulk ACH clearing to global RTGS settlement, supporting both straight-through-processing and manual entry and repair. The system covers wholesale and retail, high-value and low-value, urgent and non-urgent, single and bulk payments, in multi-currency, multi-company, and multi-entity operations.