Indata, a leading industry provider of software and services for buy-side firms, including trade order management (OMS), compliance, portfolio accounting and front-to-back office, today announced that Kiltearn Partners LLP, based in Edinburgh, Scotland is live with Indata's iPM - Intelligent Portfolio Management platform.
Based on significant growth in assets under management, Kiltearn Partners LLP required better systems to facilitate greater operational efficiency and compliance capabilities. Kiltearn chose to implement iPM based on the system's strong portfolio modeling, compliance and dealing (OMS) capabilities, as well as the fact that iPM can also provide a fully integrated back office accounting package via a single database architecture.
"The review and replacement of our back office system came about as a result of a full scale review of platforms within the current marketplace that offered us the functionality of a full front to back solution with more sophisticated compliance capabilities," commented Stuart Gunderson, Chief Operating Officer. "Now that iPM is in place, we have a fully integrated software application that is designed to efficiently handle our investment management process," he added.
"We are very pleased to welcome Kiltearn Partners LLP to our client community and look forward to serving their current and future needs," commented David J. Csiki, Managing Director, Indata. "Having made our iPM products and services available outside the US only last year, we have had excellent uptake by clients, especially in the UK, with a number of firms in our active implementation queue. We are excited by the depth of experience our new international clients bring to the iPM user group at large," he added.