Industrial Alliance Goes Live with Eagle Accounting for Enhanced Efficiency and Operations
30 June 2014
FOLLOWING SUCCESSFUL EAGLE DATA MANAGEMENT PROJECT, RELATIONSHIP WAS EXTENDED TO INCORPORATE NEW SOLUTIONS AND MIGRATE TO EAGLE’S SECURE PRIVATE CLOUD
Eagle Investment Systems LLC (Eagle), a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced that Industrial Alliance Investment Management Inc. (Industrial Alliance), the investment arm of Industrial Alliance Insurance and Financial Services Inc., has gone live with Eagle’s Accounting solution as well as the Eagle Analytics platform that incorporates FINCAD® Analytics. Industrial Alliance, which is already using Eagle Data Management, also migrated from an on premise installation to Eagle ACCESSSM, Eagle’s secure private cloud.
“We decided to extend our relationship with Eagle and implement Eagle Accounting because we clearly recognize the benefit of a single integrated portfolio management platform to support our ABOR (Accounting Book of Record) and IBOR (Investment Book of Record) needs,” said Denis Beaulieu, director systems and chief compliance officer, Industrial Alliance Investment Management Inc. “Our next step is to implement Eagle’s performance measurement suite that will help us to close the loop on completing a truly integrated exception based operational workflow to support all investment reporting.”
Industrial Alliance selected Eagle after detailed searches for both a new accounting system and a new performance measurement solution. Industrial Alliance recognized that by implementing Eagle’s full suite the firm could extend the efficiencies it already acquired with Eagle's data management solution, which centralizes, cleanses and validates data. The organization now uses Eagle Accounting to address its multi-basis accounting, including International Financial Reporting Standards (IFRS) and U.S. statutory reporting, while leveraging Eagle Analytics to simplify valuation and calculation of analytics for fixed income.
By migrating to Eagle ACCESS, Industrial Alliance also benefits from Eagle’s Data Integration Services, which provides standard integration with reference data, pricing, corporate action, trading systems and benchmark providers.
“Industrial Alliance is yet another example of an investment management firm realizing the full benefit of leveraging the Eagle suite using our secure private cloud,” said Mal Cullen, Eagle’s head of the Americas and Eagle ACCESS. “In today’s challenging market, clients look to work with providers that can meet their functional needs, but also go the extra mile to offer services and efficiencies that extend beyond today to address future requirements.”
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