Information Services Firm Streamlines Delivery of Key Corporate Data

New Workflow Reduces Costs, Speeds Value-Added Content Delivery

Challenge

To remain competitive in the financial information services market, companies need to deliver accurate, value-added data at the lowest possible cost and highest possible volume. So when the parent organization of a leading provider of corporate, industry and market intelligence set ambitious cost-reduction goals, the team charged with delivering content recognized that keeping its readers satisfied also meant streamlining their process for gathering and updating current information.

At the time, the company used several expensive corporate and financial news delivery services to update its online database of companies. These services also generated a large number of redundant feeds, which meant editors had to manually sift through search results to pull out the required information. This time-consuming task limited their ability to delve deeper into the results in search of new developments and related trends.

To meet its cost reduction goals, the company decided to reduce the amount of their third-party content subscriptions by utilizing a new data extraction and search application. The company also wanted to automate the process for extracting relevant information from the data feeds and incorporating that data into its workflow to reduce costs and free editors to pursue additional value-added activities...