State of Utah, Office of State Treasurer selects QED’s IMS-2000 and IPAS Systems

Marlton, New Jersey, June 21, 2002... The State of Utah, Office of State Treasurer has licensed QED Information Systems®’ IMS-2000, and recently released, IPAS software (Internet Participant Access System) to manage the state’s $5.5 billion in assets.
Utah chose IMS-2000 for it’s strong portfolio accounting capabilities, it’s robust features and functionality as well as for the tightly integrated straight through processing capabilities QED had with it’s own IMS-2000 and IPAS systems. IPAS is QED’s common funds web management software that allows authorized users and government entities to view account information and process transactions via a browser and internet connection. Users can also contribute, withdraw, transfer and print statements of account activity through the IPAS interface.
"We were looking for a product that would provide our LGIP participants information similar to a bank’s on-line banking product," said Richard Ellis, Chief Deputy State Treasurer. "QED’s IPAS system seemed to best fulfill their needs." Utah’s LGIP has over 450 participants with nearly 3,500 different accounts.
Utah joins the growing list of State Treasurers that use QED’s IMS-2000 to manage their assets. QED currently serves 21 of 50 state treasuries—or 42% of the state treasuries in the United States.

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