Wall Street Systems (Wallstreet), today unveiled a cross-asset investment and debt management software, Wallstreet Suite, as an ASP delivery model.
The launch, which targets banks, multi-national corporations, central banks and debt management offices, follows the release of Wallstreet Treasury ASP, which is aimed at mid-market corporate treasuries.
Wallstreet says significant proportion of new and existing Wallstreet clients are opting to run treasury management software on Wallstreet’s servers rather than their own. More than 30 customers are now using Wallstreet Treasury ASP, and more than 50 percent of new Wallstreet Treasury customers are subscribing to the ASP model. Wallstreet Treasury ASP clients include Dyson, Warner Music and Adidas among other organizations.
Wallstreet Suite provides users with a fully integrated enterprise application platform, which enables cash management, trading, funding and investment activities to be automated, audited, consolidated and accounted for on a global scale. Wallstreet claims the ASP model combines the same functionality with increased flexibility and quality of service, in order to eliminate dependence on internal IT resources, decreasing the total cost of ownership.
“Financial institutions and corporations often have hundreds of subsidiaries. As a result, their treasury and cash management system demands are high,” says Joergen Jensen, director of product management at Wallstreet. “As with a Formula One car, high-end treasury operations are often complex and require a team of skilled people to keep the software running smoothly. By taking the ASP approach, users can avoid this hassle, while our experts who have easy access to resources take responsibility for the application management, security and support.”