Eagle Releases Next Software Generation, Version 10.0By Eagle Investment Systems Llc, PRNE
Tuesday, March 23, 2010
Causeway Capital Management live on new version offering more scalability, efficiency and globalization
BOSTON, March 24, 2010 - 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
-- 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
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 US$22.3 trillion in
assets under custody and administration, US$1.1 trillion in assets under
management, services US$12 trillion in outstanding debt and processes global
payments averaging US$1.6 trillion per day. Additional information is
available at www.bnymellon.com.
Kendra Ahern, Eagle Investment Systems, +1-617-219-0209, kahern at eagleinvsys.com
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