Thomson Financial, an operating unit of the Thomson Corporation, has launched Thomson PORTIA v9.0, the most recent upgrade to PORTIA’s investment accounting system.
This new release broadens the scope of Thomson PORTIA by adding new functional and technical capabilities and provides clients with a global accounting application to support the requirements of investment managers, alternative investment managers, insurance companies and hedge funds. Enhancements include the introduction of an integrated investment ledger and workflow support for complex assets.
“We created this enhanced version of PORTIA following close consultation with our global client base. It represents many years of continuous investment in PORTIA and the enhanced functionality will ensure PORTIA maintains its preeminent position in the market. These enhancements ensure that PORTIA delivers a flexible and scalable an investment accounting solution that can adapt to the full range of multi-asset investment approaches prevalent in today’s market,” says Christen Bremner, managing director, Thomson PORTIA.
The new version expands the scope of how Thomson PORTIA can help an enterprise, allowing new business to be brought onto the system while also supporting more of the requirements of the middle to back office. Improvements have been made in areas such as advanced accounting allowing managers to comply with the latest accounting standards. Support for a number of new global and regional security types and asset classes have also been added. New integration capabilities include: publish and subscribe facility for better and timelier automation and a web services interface directly to PORTIA business logic.