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Thomson Financial enhances Portia DataTrails system

07 December 2004  |  653 views  |  0 Source: Thomson Financial

Thomson Financial, an operating unit of The Thomson Corporation and leading provider of information and technology solutions to the worldwide financial community, today announced the release of an enhanced Thomson PORTIA DataTrails auditing solution that provides the internal controls necessary for tracking changes made to data sent from Thomson PORTIA to other systems.

The new Thomson PORTIA DataTrails SO is designed to support buy side asset managers in their effort to be compliant with Section 404 of the Sarbanes-Oxley (SOX) Act. Thomson PORTIA is the industry's leading portfolio management system.

"Thomson PORTIA DataTrails SO was developed by the Thomson Financial Professional Services Group to provide internal controls as required by Section 404 of Sarbanes-Oxley," said Christen Bremner, senior vice president, Global Transaction Services, Thomson Financial. "It's important to our product strategy that we continue to offer value added services and solutions that wrap around Thomson PORTIA," said Bremner.

"This new release of PORTIA DataTrails SO is a good example of how our highly skilled professionals leverage financial industry knowledge and technical expertise to provide solutions that meet the complex needs of our clients, within an established budget," said James Richardson, director of Technical Consulting, Professional Services Group, Thomson Financial.

Thomson PORTIA DataTrails SO provides detailed auditing capabilities for Thomson PORTIA reports, calculations and batch parameters. This new functionality allows the auditing of data extracts used to send data to external systems, and for reporting purposes. In addition, Thomson PORTIA DataTrails SO provides the ability to monitor downstream effects resulting from changes to the Thomson PORTIA calculation library. The enhanced user interface allows the export of data to Excel which provides additional reporting flexibility.

Thomson PORTIA DataTrails SO also introduces login and log out auditing making it possible to track each user of Thomson PORTIA. It provides the full set of auditing capabilities included in the standard version of PORTIA DataTrails, including auditing portfolios, securities, security types, pricing and user configuration settings.

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