Specialist mortgage trust manager, LM Investment Management Ltd (LM) has announced the implementation of InfoComp's "CBIS" (Composer Business Integration Server) as part of a strategic IT move to adopt a Service Oriented Architecture (SOA), signifying a "positive step forward" in managing the company's IT requirements and business growth.
With approximately $1 billion in funds under management and a financial adviser network in excess of 1,000 domestically and abroad, LM provides first mortgage funding for prime commercial and development opportunities nationally via its main fund, the LM Mortgage Income Fund.
Initially used to generate bulk formatted documents based on XML data via InfoComp's Composer Data Accelerator XML extraction tool, the system upgrade will enable LM's centralisation of IT processes going forward.
LM's IT Manager, Ben Fisher said LM had selected CBIS for its "value added" services that would further enhance the company's IT processes and service standards.
"Composer's CBIS offers a future-proof solution that enhances our delivery of services as our business continues to grow, whilst maintaining the high standard our clients have come to expect."
According to Fisher all emails, letters and statements will be created by CBIS. "We will also have access to additional services that allow for manual quality control checking and automatic delivery of customised emails with PDF attachments."
Rob DeDominicis, Managing Director of InfoComp said that he was delighted to see LM embrace the latest offering from InfoComp, who recognises that the demands business now place on IT providers to unlock access to crucial business logic and data can only be met by open technology that adheres to the latest industry standards.
"We are very much looking forward to rolling this technology out to all our other clients as part of our standard maintenance and upgrade program, and is an important step as we continue our migration towards a full and open J2EE technology base."