UK Charity Group Signs On To DST Accounting Solution

CCLA Management Limited, a UK based manager of charitable funds, selected DST International's accounting software to overhaul its back office and help manage its portfolios. The software comes with HiPortfolio 3, the Open Messenger STP component, and DSTi's Market Data

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CCLA Management Limited, a UK-based manager of charitable funds, selected DST International’s accounting software to overhaul its back-office and help manage its portfolios.

The software comes with HiPortfolio/3, the Open Messenger STP component, and DSTi’s Market Data Management Solution.

DSTi’s solutions will replace CCLA’s existing back office system along with in-house developed OMS, compliance and unit pricing systems, and will allow a front-to-back office solution with functions such as: portfolio modeling, order management, compliance (pre and post trade), fund administration and accounting, unit pricing, market data management and STP.

“The fragmented nature of our existing front and back office systems resulted in the need for a major overhaul to build a platform for the future efficiency and growth of the business,” said David Butler, COO of CCLA.

CCLA will begin by replacing the existing investment accounting system in the back office in early 2006.

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