Princeton Financial Systems, a wholly owned subsidiary of State Street Corporation and leading provider of investment management and accounting systems and ASP services for global institutional investors, announced Woodmen of the World Life Insurance Society has licensed PAM for Securities, PAM for Mortgages, and PAM for Real Estate to manage its $7.4 billion portfolio.
The Omaha, Nebraska - based Woodmen of the World is the largest fraternal benefit society with open membership in the United States. Woodmen of the World selected the PAM products primarily for their rich functionality. By utilizing multiple PAM products, the organization now has the ability to report across business units that formerly reported in silos.
“Our selection of the PAM products provides Woodmen of the World with not only proven accounting controls, functionality, and reporting, but also useful portfolio management tools.” said Jim Stolze, Securities Department Manager for Woodmen of the World. “Our decision to select PAM was bolstered by their strong history of successful implementations and the fact they had a highly knowledgeable staff.”
“It is particularly gratifying to have been chosen by an organization that has thoroughly evaluated the market alternatives on the basis of current capabilities, service reputation, and long term commitment to functional and technological innovation,” commented Lorne Whitmore, Vice President, Global Sales and Product Management.