Interactive Data Corporation (IDC) is now offering a web-based client management and compliance oversight tool, designed to provide audit trails and compliance reports for a firm's pricing challenge process.

The portal can increase client workflow efficiency by centralising information and generating management reports, as well as improving the turnaround time of challenges, the firm says. It can also provide clients with additional transparency to the overall challenge process.

At any point in the day, clients have the ability to enter one or multiple evaluated pricing challenges directly through the portal, track existing challenges and monitor progress through the use of various report generation options. These challenges are then categorised accordingly, with those including market information being prioritised for review.