Phoenix opts for Princeton back office ASP service

US-based Phoenix Investment Partners has licensed ePAM, Princeton Financial Systems' Internet application hosting service, on behalf of two of its affiliate organisations, Phoenix Investment Counsel, and Duff & Phelps Investment Management.

  0 Be the first to comment

Phoenix opts for Princeton back office ASP service

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Through ePAM, the asset managers will be able to remotely access the PAM investment management and accounting systems and complementary products without having to deploy them at their own site, thereby avoiding upfront costs associated with licensing, installing and maintaining a mission-critical application themselves, says the company.

Alan Meder, senior vice president of operations, Duff & Phelps, says the company had considered a number of outside systems providers over the last several years. "Our decision to license ePAM came down to the strength, flexibility and quality of the PAM software and its functionality," says Meder.

Jim Mayhall, Princeton Financial executive vice president says Phoenix is joining a growing number of other asset managers which are moving to an application service provider model for accessing their investment management and accounting systems.

Sponsored [New Impact Study] Bank Legacy Transformation is Not a New Challenge: Exploring the Solutions

Comments: (0)

[On-Demand Webinar] Trusted Transactions: The Future of Risk-Based AuthenticationFinextra Promoted[On-Demand Webinar] Trusted Transactions: The Future of Risk-Based Authentication