COR-FS today announced that it has delivered Salerio to a new customer, a major global asset manager, just six weeks since the contracts were signed and four weeks since the completion of the analysis phase of the project. The fully tested installation of the complete Salerio suite of modules was delivered into the customer's UAT environment where it will undergo further rigorous testing and is scheduled to go into production before the end of the year.

The new customer selected Salerio due to the breadth and depth of functionality and mature process flows that are pre-built and ready to be delivered. It was quickly recognised during the successful proof-of-concept exercise that despite their being a global asset manager, Salerio would not need any alterations to meet all requirement. COR-FS is particularly pleased to see another rapid implementation made possible by our all-inclusive approach to the Salerio product's development.

Commenting on the success, Lee Runciman, Head of Business Development said, "We have invested a great deal of resource into ensuring Salerio can be integrated rapidly within a major asset management institution's existing environment and the way we've done this is by including all functionality as standard.

He added, "This particular customer recognised the value in this approach and also the benefits of Salerio being closely aligned with industry standard market practices. There was no reason to make any changes other than to the interfaces to and from Salerio."

Trevor Fromant, Chief Operating Officer agrees, "We made a decision to invest in enhancing the Salerio solution's already comprehensive list of features to ensure that customers can place a tick in every box when they go through their search criteria. We are now capitalising on this investment and this latest implementation follows closely on the heels of another new business deal to a major outsourcing provider. The latest release is also proving attractive to existing customers, several of whom have recently upgraded."

Salerio will initially process equities and fixed income instruments, however since the solution is fully integrated and is delivered with all modules and components, subsequent phases of the project will make use of this existing functionality to broaden the instrument coverage to include money markets, foreign exchange and possibly derivatives transaction processing.