Physicians Mutual Insurance Company licenses Princeton securities software
18 January 2008 | 2465 views | 0
Source: Princeton Financial Systems
Princeton Financial Systems, a leading provider of portfolio management and accounting solutions for global institutional investors, announced today that Physicians Mutual Insurance Company has licensed PAM for Securities.
Physicians Mutual will use PAM to manage its $2.5 billion portfolio including fixed income and equity strategies. PAM's extensive functional coverage for Physicians Mutual's current and future investment portfolio, combined with the strength of proven accounting and audit compliance capabilities, were important to Physicians Mutual during their search process. Physicians Mutual's strategic systems direction for a Service-Oriented Architecture also was a key driver in their systems review. PAM's integration capabilities, including available web services, provide a full spectrum of connectivity options and streamlined technology management to Physicians Mutual.
"In seeking a portfolio management system provider, we found that Princeton Financial had a superior product and shared our IT philosophy," said Jim Juhler, senior vice president of accounting for Physicians Mutual. "An experienced leader in investment accounting, PFS was able to meet our needs for deployment of the system. We are pleased to have found a provider who can meet our needs in functionality, technology, and service."
"The ability to support a broad range of complex investment instruments and to provide a modern technology architecture are prerequisites for firms looking to improve their investment technology, " said Lorne Whitmore, vice president of global sales for Princeton Financial. "It is very rewarding to have a firm such as Physicians Mutual recognize our leadership in these areas and our commitment to customer service excellence."