Fund-Technology.com

Princeton Financial signs large North American asset manager as new ePAM client

Posted: 07 April 2009

A large US Asset Manager specializing in fixed income management has opted for Princeton Financial® Systems' ePAM® and PAM® Composites powered by StatPro as its future integrated accounting, composite and portfolio reporting platform.

ePAM is Princeton Financial Systems' (PFS) industry leading Software as a Service (SaaS) deployment of PAM. The PAM family of products provides international portfolio management and accounting solutions with depth and flexibility in accounting capabilities and support of regulatory requirements. PAM Composites powered by StatPro is a multi-currency composite and portfolio reporting solution designed to provide a platform for achieving and maintaining compliance with the Global Investment Performance Standards (GIPS)

The new solution will replace the client's in-house accounting system and will seamlessly integrate with the client's front office system Aladdin® by BlackRock Solutions. As a result, manual operations will be replaced with an enhanced straight through processing with automation in accounting, performance measurement, bank reconciliation and reporting.

"Our SaaS delivery of integrated world class tools for investment accounting and analytics is a compelling proposition for investment managers who have sophisticated requirements but wish to focus on the core activities of investment management. We are very pleased that this model is being embraced by the marketplace", underlines Lorne Whitmore, Global Head of Sales at Princeton Financial Systems.

"StatPro is very pleased to welcome this client on the joint Princeton Financial Systems-StatPro SaaS platform. Economic imperative means that asset managers need to reduce the total cost of ownership of core software functions and our combined platform offers a truly excellent solution for our joint clients and we expect to see a rapid take up of our SaaS platform in the months to come", said Mark Bramley, CEO StatPro Inc.

 

 

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