New software upgrade helps investment managers address global regulatory changes and market volatility, while enhancing transparency and operational efficiency
Boston, June 19, 2012 - Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, announced that the release of Eagle Version 12.0 will be available at the end of June. The Eagle V12.0 technology upgrade features significant enhancements and developments across Eagle's entire integrated suite of data management, investment accounting and performance measurement solutions.
Eagle V12.0 features upgrades focused on enhancing the global capabilities and risk mitigation aspects of Eagle's products. The new software is designed to help clients around the world better navigate regulatory change, improve transparency, and manage their assets more efficiently and effectively in unpredictable markets.
"Across the globe, we're seeing unprecedented regulatory change and market volatility, and in direct response to these challenges we're excited to announce Eagle V12.0," said John Lehner, president and chief executive officer of Eagle. "Whether clients leverage our secure private cloud, Eagle ACCESSSM, BNY Mellon's OnCoreSM service offering, or have software installed on premise, we are committed to providing innovative solutions that can help them operate more efficiently and grow their assets. Eagle V12.0 illustrates how we continue to invest in our products and in creating opportunities for our worldwide client base."
"We significantly invested resources in V12.0 on enhancing and developing all aspects of our suite to address the demands global market changes are imposing on investment managers," said Jeremy Skaling, head of product management at Eagle. "Whether they're in North America, EMEA or APAC, Eagle's solutions are flexible to fit client needs and able to handle regulatory and market changes on a local, regional or global scale."
Enhancements and upgrades to V12.0 were made based on a number of factors, including client input and proactive developments by Eagle to address market challenges. New functionality has been added across all Eagle solutions, including the following highlights:
- The Eagle Data Management Solution offers a host of enhancements focused on transparency, data governance, and a global user experience. Eagle Enrichment offers portfolio management capabilities that enable portfolio, performance and risk managers to analyze the true economic impact of derivative holdings in their portfolios. The new Metadata Center allows users to manage metadata throughout the Eagle solution, from source to publisher, a critical component of data governance programs. Eagle V12.0 also expands multilingual capabilities toward providing data management tools and workflow in multiple languages.
- The Eagle Accounting Solution includes a number of items to provide enhanced operational efficiencies and a continued focus on helping firms efficiently manage assets and mitigate risks, while providing up-to-date management and reporting solutions for changing global regulations. To expand tax administration capabilities, V12.0 includes expanded wash sales processing specific to disallowance tracking and reporting. Hypothetical sell enhancements were also made to enable clients to perform gain/loss analysis while choosing to sell a certain security to efficiently manage capital gains and losses.
- The Eagle Performance Measurement Solution contains several enhancements geared specifically to support clients' global risk management and analysis capabilities to address market volatility. Eagle added ex post risk measures and specific workflow and calculations to streamline support of the UCITS IV Synthetic Risk Reward Indicator. The derivative enrichment enhancements provide for robust performance analysis of economic exposure to derivative instruments. Other enhancements optimize system support of processing intensive calculations specific to attribution.
"We've introduced several improvements to the underlying technology in V12.0 to continue our evolution from product provider to becoming a service platform for the industry," said Marc Firenze, Eagle's chief technology officer. "The enhancements support not only our secure private cloud, Eagle ACCESS, but any client looking to adopt a service-oriented architecture. Other improvements focus on integrating and orchestrating the complete life cycle of activities from investment accounting to performance measurement and information delivery. All these developments help clients reduce technology risk, manage economic risk with more confidence, operate more efficiently, and navigate regulatory shifts without disrupting their core business."
Eagle Investment Systems is committed to helping financial institutions worldwide grow assets efficiently with its innovative portfolio management suite of data management, investment accounting and performance measurement solutions that are delivered over its secure private cloud, Eagle ACCESS(SM). Since 1989, Eagle has deployed trusted solutions and services that create operational efficiencies and help reduce complexity and risk. Eagle Investment Systems LLC is a subsidiary of BNY Mellon. Additional information is available at www.eagleinvsys.com
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 services. BNY Mellon Asset Servicing provides services through BNY Mellon and other related companies.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $26.6 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com or follow us on Twitter@BNYMellon.