ISTP is delivered as a managed service and, as a result, removes the up-front costs, risks and delay preventing most mid-tier fund managers from realising the benefits of STP.
ISTP is certified to work with OMGEO, SWIFT, and the Microsoft Server System family. This is the first service of this type for this marketplace.
IRevolution, a member of The Hamsard Group plc, provides a wide range of business management applications, IT service management and software development solutions, and offers these to companies both delivered on site in the traditional manner and as hosted solutions.
IRevolution has built a STP enablement solution which is delivered as a managed service. ISTP is a proven packaged integration solution designed to be slotted in between any back office infrastructure and STP fulfilment partners. As an Omgeo STP Partner, iSTP is already certified to interface to Omgeo Central Trade Manager (Omgeo CTM). ISTP also works with SWIFT and the Microsoft Server System family. Since it is built using proven technologies such as Microsoft's BizTalk Server, the overall cost, delay, and risk of enabling STP is dramatically reduced, unlike generic integration technologies which require risky and costly bespoke projects. The solution can be delivered as a product (using standard BizTalk Accelerators) or as a totally managed service.
Eamus Halpin, CEO at iRevolution says: "IRevolution is pleased to offer a cost-effective packaged solution which proves that STP is achievable for mid-tier fund managers. We are convinced that we have lowered the cost and risk barriers preventing mid-tier organisations from realising the benefits of Straight-through Processing. Our solution is designed for order management by exception. The result is that existing resources can perform more efficiently, enabling fund managers to economically scale the amount of transactions."
IRevolution will be demonstrating iSTP on the Microsoft stand (#C355) at this year's Sibos Conference and Exhibition at the Bella Centre, Copenhagen, Denmark from 5-9 September 2005.