MEDIA RELEASE PR38895
Eagle Releases Next Software Generation, Version 10.0
BOSTON, Mar. 25 /PRNewswire-AsiaNet/ --
Causeway Capital Management live on new version offering more scalability,
efficiency and globalization
Eagle Investment Systems LLC, a leading provider of financial services technology
and a wholly owned subsidiary of BNY Mellon, today announced the availability of
Eagle Version 10.0 (V10.0), a major technical and functional upgrade of its
integrated suite of data management, investment accounting, and performance
measurement and attribution solutions.
As part of Eagle's commitment to product innovation, it regularly evaluates and
integrates new features to support today's evolving financial services industry.
Eagle's V10.0 offers clients a broad array of important benefits including increased
scalability, updated reporting to comply with industry regulations such as
International Financial Reporting Standards (IFRS), new global instrument types, and
enhanced reporting and delivery.
With each release, Eagle enhances the workflow and system architecture that
underlies its investment management solutions ensuring its products run most
efficiently and reducing its clients' total cost of ownership. Overall, the suite has
been updated to provide more efficiency and optimization based on benchmark and
stress tests performed over the course of last year. To address the processing needs
of business lines with a high volume number of accounts, the entire suite now
supports application partitioning. Seamless to end-users, partitions are leveraged to
provide a predictable, highly scalable, cost-effective solution.
A number of clients have initiated deploying V10.0 to gain access to the new
functionality and technical enhancements, including Causeway Capital Management,
which is currently using the latest version of Eagle's data management and accounting
platform.
"We are pleased to be on Eagle V10.0 and believe it strategically positions us to
further streamline and automate our workflows while enhancing our systems controls,"
said Pete Petersen, director of technology at Causeway Capital Management. "The
technologies embedded in the architecture create opportunities allowing for a more
efficient integration between Eagle and many other third-party systems."
"Eagle remains committed to delivering the most innovative solutions to address
ever-changing client and market needs, and our year-over-year investment in our
products is one of the key reasons we're known as an industry leader," said John
Lehner, chief executive officer and president of Eagle. "With many of the changes
being introduced in V10.0, particularly the enhancements around IFRS support, Eagle's
investment accounting solution is one of the most functionally-rich offerings
available."
Functional enhancements in V10.0 were based on a number of factors, including
input from clients, supporting additional needs for globalization, and providing the
necessary support for changing industry regulations. New functionality has been added
across all of Eagle solutions including these highlights:
-- Data Management offers new updates including support for increased
types of reference data, and quality investment which resulted from
benchmark testing. This release expands support for various types of
reference data as well as streamlines the workflow for corporate
actions. Additionally, improvements to workflow and user flexibility
were made to provide clients with an enhanced user experience and ease
of use.
-- Information Delivery, a component of the data management solution
providing capabilities for reporting and dissemination of
information, has been augmented to increase efficiencies for
creating and delivering reports. V10.0 introduces an Eagle Mart,
an information delivery platform that includes a preconfigured
data mart and packaged reports offering users faster speed to
delivery and the benefits of shorter project timelines. With
packaged reports, users are able to select look and feel and can
combine the reports with a table of contents for streamlined
creation.
-- Investment Accounting contains many enhancements, including increased
support and further integration for derivatives instruments, support
for compliance with IFRS, enhanced capabilities for operational
reports, and further development to mutual fund accounting in the areas
of expense processing and payments. This release also supports
additional NAIC regulatory changes for investment schedules and
expanded reporting.
-- The Performance Measurement suite has been enhanced to support client
needs in the areas of GIPS(R) 2010, globalization and scalability. In
preparation for GIPS 2010, enhancements streamlined the workflow to
support maintenance of composites. Additional standard reports were
added to augment verification support. To address the trend of
increased globalization of our client base, a "Karnosky and Singer"
style multicurrency attribution method was added to the attribution
module to support currency management analysis.
"We are proud to offer products that are truly Web-based, via install, hosted
service, or through outsourcing. Coupled with our functionality, these deployment
options distinguish Eagle from all other investment management solutions in the
market today," said Lehner.
Eagle Investment Systems LLC, a subsidiary of BNY Mellon, is a global provider of
financial services technology. Eagle provides leading-edge technology and services
for data management, investment accounting and performance measurement. Eagle's
product suite is offered as an installed application or can be hosted via Eagle
ACCESS(SM), Eagle's ASP offering.
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of
specialized asset servicing capabilities, including custody and fund services,
securities lending, performance and analytics, and execution services.
BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation
(NYSE: BK). BNY Mellon is a global financial services company focused on helping
clients manage and service their financial assets, operating in 34 countries and
serving more than 100 markets. The company is a leading provider of financial
services for institutions, corporations and high-net-worth individuals, providing
superior asset management and wealth management, asset servicing, issuer services,
clearing services and treasury services through a worldwide client-focused team. It
has $22.3 trillion in assets under custody and administration, $1.1 trillion in
assets under management, services $12 trillion in outstanding debt and processes
global payments averaging $1.6 trillion per day. Additional information is available
SOURCE: Eagle Investment Systems LLC
CONTACT: Kendra Ahern,
Eagle Investment Systems,
+1-617-219-0209,
kahern@eagleinvsys.com
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