Princeton Financial Systems, a global leader in providing accounting, compliance and reporting solutions to the investment industry, today announced that as part of its continued growth in the North American market, it has signed on Lansing Michigan-based Jackson National Life Insurance Company (Jackson®) to its PAM for Securities system for investment accounting and PAM InfoHub, which provides easy access to all stored data making reporting easy and efficient.
PAM for Securities is a comprehensive investment accounting and management system that supports international accounting and reporting requirements for a diverse range of assets and portfolio types. PAM InfoHub uses InfoStream Publish/Subscribe technology to provide reporting data on a near real-time basis, reducing the time to create multi-currency and multiple accounting basis reports.
“We conducted extensive due diligence to ensure we had the most comprehensive system for our US-based fixed income securities portfolio accounting,” explained Mark Stewart, Director of Investment Accounting for Jackson. “As a leading investment accounting system, PAM will provide us with the ability to easily import projected cash flows that would impact amortization and book-yield calculations, as well as the additional functionality of seamlessly exporting information to a variety of different sources.”
Christian J. Farber, Senior Vice President of Princeton Financial Systems, said, “PAM for Securities is designed to provide a comprehensive, efficient solution for firms managing complex portfolios. We are looking forward to seeing Jackson benefit from PAM’s sophisticated functionality.”