Paris –November 2, 2005: BI-SAM Technologies today announces that Schroders, a leading global asset manager, has selected BI-SAM’ s Performance & Reporting Suites for its performance measurement and attribution reporting for all asset classes in its UK business.
After a rigorous selection process, BI-SAM was chosen as the software package for Schroders’ multi-currency performance measurement and attribution system. The software is designed to reduce the amount of manual tasks carried out by performance analysts, by the introduction of automated validation and quality checks for fund, benchmark and relative returns and a high quality reporting output.
All BI-SAM software suites are integrated and modular so that clients can select the modules they require. Based on a robust open multi-tier J2EE architecture, BI-SAM solutions are easily implemented into existing technical architectures, as well as being scalable and able to support high volumes in a secure manner.
Leonie Woodward, Head of Performance Services at Schroders said:
"We needed a system that would improve the workflow and autonomy of the teams, enabling them to add value to the business rather than focusing on production related tasks. Our decision to select BI-SAM was based on the functionality and flexibility of their system to meet our ever changing business requirements and on the quality of their team".
Christophe Volard, Managing Director at BI-SAM rejoined:
"We are delighted to have been selected by such a prestigious global financial institution. In order to assure high service levels to Schroders and in line with our international strategy, BI-SAM is strengthening its UK support function".