According to TabbFORUM, investment managers annually spend millions of dollars in avoidable direct costs due to poor data management technology and operations architecture. Within many large organizations, the management of data is left solely to the business verticals, and in some cases to individual teams. This breeds data duplication, and the quality of the final data can be questionable at best. To add insult to injury, data is obfuscated through poor usage of tools like Excel. BMA’s, (Business Managed Applications) when built in Excel are fraught with data linage issues, along with maintenance of the sheet, which in the best of cases is tedious. Through these current entrenched practices, companies are throwing millions of dollars away.