Aim-To enhances Hedgespend BPO system

Source: AIM-TO

AIM-TO, a leading provider of trade capture, risk management and real-time Alternative Investment solutions, today announced that it has enhanced the Business Process Outsourcing (BPO) solution Hedgespend, its market data, telecom and trading related cost monitoring solution in order to provide expense management tools for all hedge funds regardless of size.

HedgeSpend is currently used by three of the largest hedge funds in the United States in order to monitor the expense and allocation of trading related costs and usage. These firms use HedgeSpend to provide on-demand reports to make actionable decisions and to reduce the amount of internal time spent allocating and paying trading related bills.

John T. Vaughan, President and Founder of AIM-TO stated "the demand for cost control and planning for all of the hedge funds vendors, from telecom to market data to your Wall Street Journal have become burdensome and inefficient. With our service we audit every invoice to make sure you never pay more than you should. All costs are automatically allocated to the correct user, business unit or cost center to identify "total cost per seat" and everything is automated with a customized database in order to provide you with reports-on-demand to make better business decisions."

AIM-TO is making strategic investments in its comprehensive Hedgespend offering in an effort to provide this service to all hedge funds regardless of size or assets under management. There is an underserved segment of the hedge fund market that needs to trim and control back office costs and outsource administrative tasks. When financial staff has the tools to analyze historical data and produce forward-looking analysis, they can better plan, budget, measure and forecast future usage of market data and telecom services.

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