7-May-01
Duo to provide integrated investment / tax management solution with Triple'A and CGix
Odyssey Asset Management Systems (Odyssey), the leading provider of integrated Portfolio Management Solutions and Financial Software Limited (FSL), the leading vendor of Capital Gains Tax calculating software in the UK, are pleased to announce a strategic partnership to provide tax handling capability within the investment management decision-making process.
"While many other CGT packages provide only back office and reporting capabilities, FSL brings CGT calculation to the front office with 'What if' computation facilities. This enables tax implications to be considered instantly when making investment decisions," comments Ken Watson, Alliances Manager for Odyssey. "Our partners help us deliver front-to-back, straight-through financial solutions to our clients and we look forward to adding value to our customers by supplying an integrated investment management and tax management solution with Triple'A and CGix."
"Combined with the comprehensive modelling ability within Triple'A to support the automated re-balancing of portfolios against complex and flexible strategies, providing on-line information of potential tax related issues from CGIX as part of this asset allocation process allows portfolio managers to analyse and optimise growing numbers of portfolios with the utmost precision and efficiency," says Brenda Doggett, Business Development Manager for Odyssey in the UK. "This alliance will help us continue to deliver competitive advantage to our clients in a demanding investment environment by ensuring Triple'A clients can offer exceptional services that their customers cannot find elsewhere.
We are delighted to partner with Odyssey Asset Management Systems," said David Pirrie, Managing Director of FSL. "CGix is designed to work in conjunction with Investment Management Systems like Triple'A, passing data which allows CGT modelling and reporting to be intra-day, overnight, and year-end."