US-based Reams Asset Management is overhauling its transaction and processing workflows in an attempt to achieve straight-through-processing.
Reams manages nearly $10 billion in fixed income and small capital value equity assets. It is implementing the changes in response to workflow analysis from Thomson Financial's professional consulting services group.
Nancy Morey, director of portfolio accounting, Reams Asset Management, says: "While we are growing at a rapid rate and need to keep pace, our resources are still limited. To maintain an increase in output, we had to implement a framework for electronic transfer of information, which Thomson Financial has helped us achieve."
The asset management firm is using Portia 5.1 for portfolio analysis and management and Thomson OpenTrader for equity order-management and execution workflow.
Thomson Financial will manage and maintain the Reams database by installing scripts at the client site and ensuring system integrity through a dial-up connection. Reams is also using Thomson Fail-Safe, a disaster-recovery service which automatically switches on Reams' back-up server if a problem occurs with the production server.