Thomson Financial has released a new version of its PORTIA portfolio management system.
The company says the new release includes new functional and technical capabilities that extend Thomson PORTIA’s support into the middle and back office, ass well as increasing its processing capacity.
“Many of our customers are already leveraging Thomson PORTA to not only manage their traditional institutional business but have expanded its use to support retail, individual, private client and high net worth accounts and business lines,” says Christen Bremner, Senior Vice President Thomson Financial. “The enterprise-wide functionality embedded within the new version of Thomson PORTIA offers significant benefits to the client, helping them run multiple, if not all, business lines on the same portfolio management system”.
Thomson PORTIA version 8.0 was developed with involvement from clients during both the development and testing process, says Thomson.
“As we continue to grow, it is increasingly important that our software systems help our focused team become as efficient as possible,” says Russell Martin, Senior Financial Systems Architect, Segall Bryant & Hamill Investment Councel. “This goal was one of the primary motivators in our decision to participate in the Thomson PORTIA 8.0 Early Adopter Program. We saw it as a unique opportunity to not only take advantage of some extremely helpful features being made available in the base product and the new modules, but to actually have some input during the design phase of those new features.”
The new version of PORTIA includes a new corporate actions processing module, and regulatory compliance features to help client comply with Sarbanes-Oxley and the ISO 17799 standard.
Thomson PORTIA is used by 300 firms to manage more than $10 trillion in assets. It can be integrated with Trade EQ, Thomson’s trade workflow and execution system, and Thomson PORTIA Perform, Thomson’s new performance measurement solution.