London 6th September 2004: Rhyme Systems announced today it has launched Quasar 6 Unit Pricing.
Rhyme has extensively enhanced the existing functionality and re-engineered it using the latest Quasar 6 technology principles with benefits including the ability to retain existing set-up, which reduces testing and implementation, and increases network security.
Quasar includes investment-modelling functions to support collective investments instruments and has a large installed base of mainly UK investment management firms. Clients include M&G, Jupiter, Newton and Coutts.
The Quasar 6 approach now enables the user to view calculations on screen, access the Quasar database, use standard industry packages and easy creation of cost sheets in a secure environment, allowing data to be pulled from a variety of sources.
Paul Bebber, Sales Manager of Rhyme Systems, comments: "We are constantly looking for ways to improve our service to our clients and meet their needs. Unit Pricing is a time critical function when managing both institutional and unitised funds and must take into account a very broad spectrum of investment data. With the new Unit Pricing module, users have benefits including automation and speed of cost sheet preparation, access to the Quasar 6 database, the ability to customise reports and view secure calculations online."
Rhyme Systems specialises in helping UK and international investment firms unlock the hidden value of the back-office. Rhyme was created in November 2003 as a result of a management buyout from Misys PLC, funded by private equity specialist Primary Capital.