Fund-Technology.com

Princeton provides Illinois State with accounting solution

Posted: 04 March 2009

The Illinois State Board of Investment (ISBI) will be deploying ePAM, Princeton Financial Systems' SaaS (Software as a Service), for its investment accounting. ePAM will provide consolidated accounting, reconciliation, and reporting across all asset classes. These include Private Equity, Fixed Income, Real Estate, Equity (foreign and domestic) and Options.

ISBI is a public investment authority managing the pension and retirement assets for employees of the State of Illinois. The fund currently holds approximately $10 billion in assets in a diverse set of asset classes.

ePAM will provide consolidated management and accounting across the multi-strategy investment portfolio at ISBI. In addition to accounting, management reporting will consolidate across traditional investments and alternative assets. The SaaS provides direct access to PAM from Princeton Financial Systems' managed facilities, disaster recovery and emergency operations allowing ISBI to focus on the pension assets of its constituents.

 

 

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