DST International Launches HiPortfolio/3
Announcement posted by DST International 01 Nov 2002
Australian-developed solution creates world's most modern investment management environment for fund managers and administrators
DST International (DST), Australia's leader in funds management technology, today announced the launch of its new look investment accounting solution for global and local requirements, HiPortfolio/3. The Australian-designed funds management administration platform offers fund managers and administrators greater versatility for information access and storage, ease of use as well as efficiency benefits for their customers. DST has invested around 20,000 man-days and $40 million dollars in the new administration platform. HiPortfolio/3 is DST International's future proof funds management system for the processing of the most extensive range of investment instruments and markets worldwide in over 250 client sites.
"We are proud to have invested millions of dollars and tens of thousands of man-days of development into this solution developed from our core project team in our Melbourne Development Centre. It is not about just making the solution a little bit better, the new functionality is a gargantuan leap forward for both DST and its clients," commented Mr Ian Mathieson, Managing Director, DST International.
"HiPortfolio/3 is DST's new flagship product and no doubt will again set benchmarks in the world of investment management. It's predecessor, HiPortfolio/2 currently services around 90% of the Australian funds management industry which has almost six hundred billion dollars currently under management."
The new features of HiPortfolio/3 will deliver the most modern environment for funds management administration across a range of diverse markets, including investment and superannuation fund managers; insurance companies; Third Party Administrators (TPAs); private client and wrap managers as well as hedge fund managers.
DST has planned its new look investment administration platform to deliver a modern business environment and meet today's demands from portfolio managers. These function requests include more open access to their data, a more robust and scaleable data architecture to allow them to create better reports for their clients and distribute them via new channels. DST has developed HiPortfolio/3 in a low risk manner for its users, changing the architecture without having to rewrite the core functions of multi-currency investment accounting and trade processing. New features include web-based reporting, a new database for increased scalability and an enhanced Graphical User Interface for the screens.
"We have improved the scalability and robustness of HiPortfolio/3 to ensure that our clients have access to unchallenged functionality for the length of their business evolution," outlined DST's Mathieson. "With the option of rolling out HiPortfolio/3 as either a highly integrated total solution, or phased rollout out that integrates to existing systems infrastructure, our investment management clients can remain confident that this solution will suit all of their business requirements for the foreseeable future."
The initial release of HiPortfolio/3 is currently available in Microsoft Windows NT, Windows 2000, Solaris 8 and shortly available in Windows XP platforms.
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About DST International:
With 14 offices and almost 1000 professionals to support its growing client base, DST International provides a unique and comprehensive range of investment management and workflow management software solutions to over 550 clients in 43 countries. It's parent company, DST Systems Inc., services nearly 8,000 mutual funds and over 78 million accounts, with 2001 revenues of $1.66bn.
For more information please visit www.dstinternational
"We are proud to have invested millions of dollars and tens of thousands of man-days of development into this solution developed from our core project team in our Melbourne Development Centre. It is not about just making the solution a little bit better, the new functionality is a gargantuan leap forward for both DST and its clients," commented Mr Ian Mathieson, Managing Director, DST International.
"HiPortfolio/3 is DST's new flagship product and no doubt will again set benchmarks in the world of investment management. It's predecessor, HiPortfolio/2 currently services around 90% of the Australian funds management industry which has almost six hundred billion dollars currently under management."
The new features of HiPortfolio/3 will deliver the most modern environment for funds management administration across a range of diverse markets, including investment and superannuation fund managers; insurance companies; Third Party Administrators (TPAs); private client and wrap managers as well as hedge fund managers.
DST has planned its new look investment administration platform to deliver a modern business environment and meet today's demands from portfolio managers. These function requests include more open access to their data, a more robust and scaleable data architecture to allow them to create better reports for their clients and distribute them via new channels. DST has developed HiPortfolio/3 in a low risk manner for its users, changing the architecture without having to rewrite the core functions of multi-currency investment accounting and trade processing. New features include web-based reporting, a new database for increased scalability and an enhanced Graphical User Interface for the screens.
"We have improved the scalability and robustness of HiPortfolio/3 to ensure that our clients have access to unchallenged functionality for the length of their business evolution," outlined DST's Mathieson. "With the option of rolling out HiPortfolio/3 as either a highly integrated total solution, or phased rollout out that integrates to existing systems infrastructure, our investment management clients can remain confident that this solution will suit all of their business requirements for the foreseeable future."
The initial release of HiPortfolio/3 is currently available in Microsoft Windows NT, Windows 2000, Solaris 8 and shortly available in Windows XP platforms.
- Ends -
About DST International:
With 14 offices and almost 1000 professionals to support its growing client base, DST International provides a unique and comprehensive range of investment management and workflow management software solutions to over 550 clients in 43 countries. It's parent company, DST Systems Inc., services nearly 8,000 mutual funds and over 78 million accounts, with 2001 revenues of $1.66bn.
For more information please visit www.dstinternational