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Zurich Financial Services Australia live with Milestone tech

15 February 2011  |  2154 views  |  0 Source: Milestone Group

Milestone Group, the specialist provider of optimised fund processing and analytics solutions to the global funds industry, today announced that Zurich Financial Services Australia has gone live with its pControl and pQuant solutions.

The go-live marks a step change in Zurich Investment's approach to middle and back office operational processing by consolidating multiple workflows onto a single, multi-functional platform. These include cash allocation and rebalancing, unit pricing and validations, distribution calculations, as well as reconciliations and performance measurement and attribution.

Milestone's technology pioneers a unique approach to fund managers' processing and analytics operations. It provides a flexible core platform pre-configured for optimal process flows while allowing for customisation to meet client-specific requirements.

"We are committed to streamlining our operational processes and saw a clear advantage in dealing with a single vendor platform across a range of functions," said Matthew Drennan General Manager, Zurich Investments. "By replacing a number of disparate legacy technologies with a single platform, we are reducing our IT footprint and increasing our agility. This provides us with greater control end-to-end, and delivers a robust and scalable infrastructure that will be a key enabler for future growth. It also equips us with the tools to provide heightened transparency; a fundamental requirement in today's trading environment."

"We are delighted that Zurich Investments is now live on our platform," commented Geoff Hodge, CEO, Milestone Group. "Working with an organisation of Zurich Investment's scale and reach validates the ability of our platform to deliver superior operational efficiency across Zurich Investment's middle and back office functions. We continue to see organisations striving for new ways to optimise end-to-end processing as pressure for increased efficiency continues. In responding to this challenge, firms such as Zurich Investments remain committed to providing the best possible return on investment to clients. Our solution allows them to achieve this in a simple, business oriented manner that requires less effort and cost than traditional approaches."

Today's news highlights the breadth of fund processing and related functionality that can be delivered via Milestone Group's flexible yet powerful operational platform. Having proven its capability to meet clients' specific processing requirements, demand for Milestone Group's platform has expanded to embrace a comprehensive suite of end-to-end processes available across the middle and back office.

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