The Illinois State Board of Investment (ISBI) will be deploying ePAM, SaaS (Software as a Service) from Princeton Financial Systems, for its investment accounting.
ePAM will provide consolidated accounting, reconciliation, and reporting across all asset classes. With a 360 degree view of its assets, ePAM will enhance accounting and audit controls and exception based reconciliation between investment activity and custodian records.
In addition, management reporting will consolidate across traditional investments and alternative assets. The SaaS provides direct access to PAM from Princeton Financial Systems state-of-the-art managed facilities, disaster recovery and emergency operations allowing ISBI to focus on the pension assets of its constituents.
“Organizations like ISBI have recognized that using the right tools for the investment management process can create efficiencies while at the same time enhancing the control environment, says Lorne Whitmore, head of Global Sales, Princeton Financial Systems.
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