You are a fund manager who requires the updated in-house analyst research on a company that has just published its interim financials. Should you be responsible for knowing that the company has published its financials? Should you need to follow up with the assigned analyst to ensure that they have updated their forecasts on the relevant line items that are of interest to you?
No one does, as there’s no need to. Any system that automates processes (and consequently increases efficiency and saves time) should allow you to create and schedule your own custom tasks. You can configure the Quintessence Scheduler to determine what data to collect and when to collect it. The logic is encapsulated into tasks that are scheduled to run as required, whether nightly, weekly, monthly, or on an ad hoc basis.
With the Quintessence Scheduler, you can model simple and highly complex tasks. You can incorporate many different concepts and processes into the task configuration. Additionally, all eventualities are catered for using success and failure connectors.
In some instances, Quintessence clients have used the task scheduler to fetch data from a legacy platform, transform the data using the Quintessence language, and send the data to another legacy platform. In this scenario, the power of the Quintessence Scheduler is used to maintain legacy platforms.
The Scheduler is fundamental to our Extract-Transform-Load process. The tasks collect disparate data from a variety of sources, and then transform and insert that data into our system. Reports and processes are generated periodically and on time. Therefore you always have the latest data at your fingertips.