StatPro Group plc, a provider of portfolio analytics and data solutions for the global asset management industry, announces that Aviva Investors has signed a contract for its GIPS compliance software, heralding StatPros first global SaaS implementation.
Aviva Investors is a global asset management business owned by Aviva plc, the fifth largest insurance group in the world. The three-year deal is for StatPro Composites (a multi-currency tool for composite and account reporting to achieve and maintain GIPS compliance), within StatPros hosted environment.
This agreement means that StatPro is now integrated into Aviva Investors global GIPS compliance project, says Justin Wheatley, StatPro Groups CEO. Aviva Investors has been using StatPro Composites in the UK and Ireland since 2003 based on the systems performance, it has now become their hosted global GIPS solution, rolled out to five additional sites in Paris, Des Moines, Melbourne, Warsaw and Bucharest.
GIPS compliance and verification was achieved with the help of StatPro Composites as the facilitating system in this new environment. All manufacturing offices were verified by December 2009.
StatPro was able to offer a cost-effective hosting solution which enabled easy deployment to these sites, says Mark Goodey, head of performance at Aviva Investors. We are now benefiting from GIPS verification for our offices around the world, improved service level agreements and global support on a 24-hour basis.
Performance, client reporting, marketing and RFP teams around the twenty offices will have access to the system.
D.C.