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Envision Releases Enhanced TA
From: Operation Management
Sunday, January, 18 2004
Envision Financial Systems has released an upgraded version of its transfer agency system, PowerAgent. The upgraded version, PowerAgent 4.0, includes functionality that enables clients to prevent late trading. "This release has all of the USA Patriot Act and anti-money laundering compliance requirements," said Satnam Gambhir, president and ceo, adding that Envision has probably added 40-50% more functionality to PowerAgent in the new release.
With PowerAgent 4.0, fund companies can set specific cutoff times for trading, set an unlimited number of breakpoints in the system for front-load, CDSC, 12b-1 and redemption fees and integrate with PowerAgent's anti-money laundering and identity verification solution from ChoicePoint. The upgrade is free to all PowerAgent clients.
Gambhir said firms that have already upgraded to PowerAgent 4.0 include ALPS Mutual Fund Services, Citco-Quaker Fund Services and Rydex Investments.
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This article is from Operations Managementat www.operationsmanagment.com.
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