BISYS has formed a strategic alliance with AccessData. It will allow BISYS to give its fund management clients access to a web-based sales reporting application called SalesView Partner Edition.
The SalesView Partner Edition was jointly packaged by BISYS and AccessData to meet a demand among fund managers for outsourced sales reporting technology.
According to AccessData, SalesView is the only Web-native sales, compliance, and compensation solution available in the market today. It provides online, on-demand access to detailed, accurate, and timely sales and asset information across multiple product lines, including mutual funds, managed accounts, variable annuities, retirement accounts, and other investment products.
SalesView features online data queries and generates sales, sales compliance, sales trends, and compensation reporting based on full integration with the shareholder and retirement plan participant recordkeeping systems supporting all distribution channels. Sales information can be organized and reported based on unique organizational views, and can be easily changed as distribution channels, sales territory assignments, and product offerings evolve.
“Today’s financial services marketplace requires investment companies to be more competitive than ever with their offerings and to be far more targeted with their distribution initiatives,” says Fred Naddaff, president of BISYS Fund Services. “SalesView will allow BISYS’ clients to know where they are successful by easily and accurately tracking sales on multiple levels, including sales at the complex level, fund level, and distribution firm level, as well as sales by individual representatives. As a result of our unique ability to offer SalesView in an outsourced environment, BISYS’ clients also realize inherent operational and cost efficiencies.”
Frank Polefrone, senior vice president of AccessData, adds that BISYS clients “now have access to the sophisticated and flexible sales reporting tools that will enable them to effectively support their growth goals, efficiently track their sales, and ensure their compliance with the sales-related regulatory reporting requirements.”
“The SalesView service will help our clients fully and easily understand the results of their distribution efforts and ultimately enable them to focus their resources on the most successful, growth-enabling distribution initiatives,” concludes George Evans, executive vice president of business development at BISYS Investment Services. “The ability to accurately track point-of-sale activity using SalesView also is extremely beneficial for our clients considering the regulatory issues related to market timing that have recently arisen. We consider SalesView to be a value-added, competitively distinct enhancement to our broad service offering.”
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