Ft. Lauderdale, Florida (April 20, 2004) -- Cainsoft, Inc. a provider of front-office performance reporting, product marketing, data distribution software to money managers, advisors, and family offices today announced its latest offering, Managed Asset Reporting System (MARS). To date, seven prominent investment management firms have chosen MARS as the front-office solution to support their client reporting and proposal creation initiatives.
"We are pleased that the market has responded so favorably to our new product. Investment management firms spend a lot of money each year on portfolio management technology. MARS allows them to unlock the data contained within those systems to better serve their existing and potential clients, stated Robert Cain, President of Cainsoft.
MARS is a flexible, highly configurable, software solution that adds premium, front-office functionality to current portfolio systems. After proficiently connecting to existing investor data, users can create a number of relevant, on-demand, investment reports at the investor, group, and firm levels. MARS customers often find that they can replace a number of disparate software tools saving their firm money while adding tremendous operational efficiencies.
Joe Milan, President of Legacy Capital Management in Roseville, CA reported, "We're a small firm with 140 separate accounts, 6 custodians and limited resources. With the combination of Advent ACD and MARS, we are able to complete our entire reconciliation, performance calculation, billing and data distribution by 4pm on the first day of the new quarter. Our management fees are wired into our company account the next day. Our quarterly process has turned into a non-event."