21 October 2017
visit www.response.ncr.com

Indata unveils iPM Performance

28 September 2010  |  2355 views  |  0 Source: Indata

Indata, a leading industry provider of SaaS (Software as a Service) for buy-side firms including trade order management (OMS), compliance, portfolio accounting and front-to-back office today announced the release of Indata iPM Performance at the 2010 GIPS Conference in San Francisco, CA.

iPM Performance, the latest addition to the iPM Technology Platform, proactively monitors rates of return on multiple levels including total portfolio, asset classes, sectors industries, securities and composites on a multi-currency basis. When rates of return fall out of a predetermined range, performance administrators are automatically alerted in real-time and provided with descriptive information to help them validate the return or determine any data discrepancies. The system then guides end users on how to correct data related errors if required.

In addition, iPM Performance proactively monitors all performance composites and alerts performance administrators if portfolios are in violation of the minimum asset level and large cash flow rules as required for GIPS compliance. The system also provides an automated interface with ACA Beacon Verification Services for GIPS Certification. In one click, users can extract all of the information necessary for a GIPS audit saving significant time and eliminating any manual manipulation of data which can be prone to error.

One investment manager benefitting from INDATA's iPM technology is Bailard based in Foster City, CA. Bailard manages $2 billion in assets for institutions and private clients. The firm has a global, multi-asset approach. "By having the iPM on top of everything related to our data, we are better able to focus on managing our investments and servicing clients," commented Sonya Thadhani, Chief Investment Officer. In addition to iPM Performance, Bailard uses iPM as the backbone for streamlining the portfolio management process and for coordinating back and front office interaction efficiently.

"Since releasing iPM in February of this year, we have been very pleased by the uptake of iPM within the industry and within our client base," commented David J. Csiki, Managing Director, INDATA. "We feel that our latest offering, iPM Performance, gives our clients a strong competitive advantage going into next year where industry demands created by a changing regulatory environment will continue to have money management firms demonstrate better data management controls, compliance and transparency," he added.

Comments: (0)

Comment on this story (membership required)

Related company news


Related company information


Related blogs

Create a blog about this story (membership required)
Register now visit www.niceactimize.com

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
9688 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8878 views comments | 13 tweets | 10 linkedin
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
8017 views comments | 16 tweets | 16 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7981 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7589 views comments | 10 tweets | 22 linkedin

Featured job

circa £250K total package

Find your next job