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Globally adopted platforms the most cost efficient option for financial services firms in Australia

  • 05 June, 2007 10:10

<p>MEDIA RELEASE
Sydney, 5 June 2007 - DST International (DSTi), a leader in business solutions for the financial services industry, today re-affirmed that its HiPortfolio investment accounting platform was a leader in cost efficiency for international financial services firms with operations in Australia. The multi-currency, multi-lingual system designed for volume processing can be adapted to suit the growing needs of organisations experiencing ongoing growth and consolidation of new business. HiPortfolio’s modular approach allows organisations to protect their initial investment in information technology infrastructure.</p>
<p>An example of this return on investment is with the recent upgrade to Goldman Sachs JBWere’s existing HiPortfolio investment management administration platform. The enhancement is to better utilise the existing HiPortfolio platform, as well as providing additional automation for current and future managed account operations.</p>
<p>For Goldman Sachs JBWere the enhancement to its investment management accounting platform has allowed automation of previously manual high-volume processes such as entry of fees and settlement exchange rates on international dividends.</p>
<p>DST International’s CEO for Australia and New Zealand, Ian Mathieson said, “We have a global network of HiPortfolio customers that regularly incorporate new platform modules and added functionality into what is often regarded as the industry standard platform for investment accounting.”</p>
<p>“We believe for many of our clients it is a sound protection of infrastructure investment to improve existing functionality and business processes than embark upon a costly and sometimes needless replacement exercise,” Mathieson concluded.</p>
<p>Ends
About DST International (DSTi)
With 19 offices and over 1700 professionals to support its growing client base, DST International provides a unique and comprehensive range of investment management and business process management software solutions and related services to 700 clients in 55 countries.
http://www.dstinternational.com
About DST Systems, Inc.
DST Systems, Inc. provides sophisticated information processing and computer software products and services to support the mutual fund, investment management, insurance and healthcare industries. In addition to technology products and services, DST provides integrated print and electronic statement and billing output solutions through a wholly owned subsidiary. DST’s world-class data centers provide technology infrastructure support for mutual fund companies, healthcare providers, banks, mortgage bankers and insurance companies around the globe. DST is headquartered in Kansas City, Missouri, and is a publicly traded company on the New York Stock Exchange.
For further information please contact:
Cathryn van der Walt
12 Worlds
0402 327 633</p>

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