INDATA, the industry-leader in advanced enterprise software solutions for investment management firms, today announced that Bingham Legg Advisers LLC, based in Boston, Massachusetts is now live with INDATA's Client Reporting and Attribution solutions via an interface with the SunGard Trustware Series 7 Trust Accounting system.
Bingham Legg Advisers also plans a roll-out of InContact, INDATA's web based CRM and front office solution sometime next year. The company has been successfully utilizing the INDATA Precision Trading system since November of 2000.
The addition of INDATA's Paramount Reports module, provides Bingham Legg Advisers with comprehensive client reporting capabilities and the ability to build and maintain their own client statements, among other functions. In addition, by implementing the APEX (Attribution and Performance Examiner)product, the firm now has the ability to evaluate the performance of portfolios, asset classes, sectors, industries, analyst classifications and securities for any time period based on time-weighted rates of return in accordance with AIMR standards.
"After a thorough review of specialized vendor solutions for client reporting, attribution, and CRM, we selected INDATA because they were able to offer an integrated solution – based on the latest technology and a centralized database model," commented Christopher V. Martinez, Managing Director of Information Technology for Bingham Legg Advisers. "By having a single vendor solution for our needs, we are able to harness a number of operational efficiencies while reducing costs," he added.
The INDATA modules, which tie in to the SunGard AFO (Advanced Front Office) system for Trustware Series 7 users, provides SunGard clients with a seamless interface, as well as the ability to utilize Precision Trading, INDATA's best of breed "what if" modelling, compliance and trade order management solution.
"For SunGard Trustware Series 7 AFO clients like Bingham Legg Advisers, there is a definite need for AIMR compliant performance reporting, attribution, and CRM capabilities," commented David Csiki, Managing Director of INDATA. "Based on our interface, SunGard customers looking for these capabilities can turn to a single solution from INDATA, all at a significant cost savings from the multiple vendor approach. We are very pleased to have Bingham Legg Advisers as a client," he added.