Utah chose IMS-2000 for itâs strong portfolio accounting capabilities, itâs robust features and functionality as well as for the tightly integrated straight through processing capabilities QED had with itâs own IMS-2000 and IPAS systems. IPAS is QEDâs 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 bankâs on-line banking product," said Richard Ellis, Chief Deputy State Treasurer. "QEDâs IPAS system seemed to best fulfill their needs." Utahâs LGIP has over 450 participants with nearly 3,500 different accounts.
Utah joins the growing list of State Treasurers that use QEDâs IMS-2000 to manage their assets. QED currently serves 21 of 50 state treasuriesâor 42% of the state treasuries in the United States.