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Princeton Financial Systems unveils eMIG21 compliance SaaS technology

18 May 2009  |  2804 views  |  0 Source: Princeton Financial Systems

Princeton Financial Systems (PFS), a State Street company and leading provider of investment accounting, investment compliance, data management, and reporting solutions for global institutional investors, today announced the availability of MIG21 as a Software as a Service (SaaS).

This new offering provides the same functionality as PFS' award-winning and market-leading compliance solution MIG21 with less maintenance for the client.

eMIG21 is especially geared toward organizations who prefer not to set up or maintain an in-house compliance infrastructure. As such, eMIG21 ensures a quick Return On Investment (ROI) for organizations of all sizes, as it helps clients to monitor their investment compliance at a low entry cost and at zero infrastructure cost. Clients can access their compliance business content from anywhere in the world via a standard web browser. PFS hosts eMIG21 in its own state-of-the-art data center.

"With the launch of our award-winning MIG21 solution in a SaaS delivery model, enterprises that prefer the flexibility and ease of a SaaS can now access the most powerful investment compliance software on the market remotely", said James Russo, Chief Executive Officer at Princeton Financial Systems. "Delivering eMIG21 is a reflection of our best-of-breed commitment. Together with our LawCard® Service, customers receive the best value and most comprehensive capability of any compliance offering on the market, on-demand. On top of MIG21's already market-leading implementation timeframe, eMIG21 eliminates the need to wait for the internal queue of IT projects to clear before implementation begins."

Lorne Whitmore, Head of Global Sales at Princeton Financial Systems adds: "eMIG21 clients get access to the same comprehensive compliance functionality offered by our investment compliance and risk monitoring solution MIG21. Since eMIG21 is hosted in our world-class data center, clients benefit from a full end-to-end compliance service without risk and at reduced cost. Nobody knows better than us, the creators of MIG21, how to operate and support the system. By implementing eMIG21 as a SaaS we leverage our long-running expertise for hosting client data and applications, thereby allowing customers to fully focus on their daily compliance operations. PFS as the system experts take care of the technology requirements."

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