Source: Odyssey Financial Technologies
Odyssey Financial Technologies, a global provider of Private Wealth and Asset Management solutions and services, is pleased to announce that ARZ Allgemeines Rechenzentrum GmbH, the Austrian IT service provider, has gone live with Odyssey's portfolio management and advisory platform Triple'A Plus.
After migrating from Reuters' Portfolio Management System (RPMS) to Triple'A Plus the ARZ member banks are now fully set to benefit from the enhanced Portfolio Management & Analysis and Portfolio Modelling & Rebalancing functionality, including Austrian and German tax reporting.
Odyssey took over RPMS from Reuters in 2006. The deal included the transfer of the RPMS product and its customer base which Odyssey has continued to maintain.
The successful migration represented more than 7 years of historical data and 15 years of performance data. This was followed by the implementation of customized graphical and web user interfaces, including GIPS compliant performance and comprehensive, modular high quality private banking reporting.
The success of this project marks the achievement of a standard "RPMS to Triple'A Plus migration package" that includes data migration tools and very comprehensive functional packaging guaranteeing minimized project costs, risks and time to market. In the meantime a number of other RPMS clients have started to migrate from RPMS to Triple'A Plus.
"Triple'A Plus will allow the member banks of ARZ to efficiently support discretionary portfolio management, active advisory and execution-only service models," comments Michel Jongen, General Manager of Odyssey Financial Technologies for Germany, Austria and Eastern Europe. "It will also empower their client advisors and portfolio managers to increase assets under management, improve customer service and generate higher investment performance."
By moving to Triple'A Plus the banks benefit from a platform that can easily be extended with additional functionality in a number of areas including Client and Relationship Management, compliance management and portfolio monitoring.
Mag. Markus Hammerl, product manager, ARZ says: "The project between ARZ, the project banks and Odyssey was conducted in a true partnership ensuring that the project's objectives were clearly achieved within scope, time and budget. With the new functionally extendable Triple'A Plus platform the member banks of ARZ will have a state-of-the-art portfolio management and advisory solution which will support the growth of their business."