Sydney, Australia, February 10, 2003 â Financial Models Company Inc. (FMC), a leading provider of technology solutions and services to the investment world, has announced that ABN AMRO Asset Management Australia (ABN AMRO) has completed the implementation of FMCRecon, FMCâs automated reconciliation solution.
FMCRecon has been deployed in ABN AMROâs Sydney office to process the cash and stock reconciliations from their back-office fund accounting system. ABN AMRO was looking for a proven, functionally rich, easy-to-use solution which could be easily integrated and implemented quickly to deliver value.
"We were looking for a reconciliation system that was in line with our straight through processing methodology and we reviewed a number of vendors. FMCRecon provided all the functionality, which included Swift and user defined interfaces, security, processing controls and our philosophy of exception based reporting," commented Peter Merlino, Director Administration at ABN AMRO Asset Management Australia. "The implementation was well organised with FMC providing project management, training and consultancy for our special requirements."
"I am proud that ABN-AMRO has chosen us and joined our growing list of clients in Australia." said Yolanda Willett, Managing Director of FMC Software Pty Limited, FMCâs Australian subsidiary. "World-class products backed up by quality local support and client service are a compelling combination for organizations seeking efficiencies."