Source: Milestone Group
Milestone Group today attributed pControl success to a focus on client needs beyond traditional functional requirements.
In announcing a further successful implementation of its pControl Funds Processing platform at AMP Services (NZ) Limited, Milestone Group's CEO, Geoff Hodge singled out attention to the client's overall business objectives as a key ingredient for a successful implementation and effective relationship.
"This implementation has been an excellent example of collaboration across the traditional client / vendor boundary with a very clear set of objectives and timetable. We are very pleased to have been able to play a part in AMP Services' broader program and to have contributed to an 'on-time' and 'on-budget' outcome."
Milestone Group has made pControl available to support the fund processing needs of investment managers, life companies and custodians arising from the introduction of Kiwi Saver and the introduction of tax changes relating to New Zealand's PIE legislation. pControl is used for unit pricing, cash allocation and unitised order management. pControl will also support tax and accounting requirements and reconciliations.
The success of this implementation further attests to Milestone Group's claim that pControl's flexibility enables effective support of business functions across product, geography and jurisdictions. This is particularly relevant where differences in local market practice, regulatory and / or tax requirements often represent significant challenges for traditional software providers.
Milestone Group products embrace the latest technologies (SOA, BPM, BI,), and represent a breakthrough in true endto- end processing for fund managers, life companies, custodians and hedge fund administrators. In addition to market leading business functionality, supporting even the most complex interfunded structures, pControl incorporates data management, data and business validations and process control capabilities. This provides superior operational efficiency, control and business agility.
Milestone Group promotes integrating detailetailed business uniletailed business understanding into the implementation process as a key driver for successful projects. This 'operational' approach is attracting attention as part of Milestone Group's expansion in Europe and North America.