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| Press Release |
Source: E/W Group |
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Monday June 16, 12:44 pm ET
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| Flexible Bases, Currencies, Hierarchies for Corporate Investment Management |
EAST GRANBY, Conn.--(BUSINESS WIRE)--June 16, 2003--E/W Group and its subsidiary, efSolutions, have released BasisPoint® to the insurance industry. BasisPoint is an enterprise application that manages all corporate investment operations from portfolio management through accounting and regulatory reporting. The product was released at the IASA 2003 Educational Conference & Business Show in Denver.
"In relation to competitive products, BasisPoint offers more flexibility, more user-definition, increased efficiency and productivity, and reduced cost," said Sam Eckelmann, CEO, co-founder, and a managing partner of E/W Group. "Those things -- combined with BasisPoint's ability to manages all levels of the trading process in one application -- translate into maximized profit potential."
BasisPoint offers several advantages, particularly for managing global investments:- Multi-basis/multi-currency accounting enables users to define accounting bases (GAAP, PGAAP, Statutory, Tax, IAS, Management, etc.), using only those necessary for each account and storing records in three different currencies (local, base, and/or reference).
- Flexible portfolio hierarchies enable users to structure their accounts by firms, companies, funds, and/or portfolios -- using independent closing/advancing cycles for each, based on multiple time zones and/or multiple corporate requirements.
- An industry-standard calculation library, endorsed by the Securities Industry Association, that requires no audit verification.
- Sophisticated auto-correction/re-processing capabilities expedite correction processing, along with significant audit tracking to ensure data integrity.
- Multiple point-in-time accounting values facilitate current, historical, roll-forward and period to date reporting.
About E/W Group
Founded in 1993, the E/W Group, Inc. is financial-services software company that designs and implements applications for banks, investment managers, mutual funds, retirement plans, and insurance companies. E/W Group's corporate headquarters are located at 59 Rainbow Road in East Granby, Connecticut. Readers can obtain more information by calling
Teri Henry at (860) 653-1719, Ext. 487, e-mailing Teri at thenry@ewgroup.com, or visiting http://www.ewgroup.com.
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Contact:
E/W Group
Teri L. Henry, 860/653-1719, Ext. 487
thenry@ewgroup.com |
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