CAFM began a phased, independent implementation of Charles River IMS in November 2003. According to Choong Yin May, head of technology at CAFM, both budget constraints and the maturity of the Charles River Investment Management System were major factors in the firmâs decision to implement Charles River IMS using internal resources rather than Charles Riverâs local implementation team. "We were able to reduce implementation costs because we found Charles River IMS to be a mature system - one that would accept our existing workflows without much customization. The system went live on April 5th and weâve seen immediate operational improvements including a 50 % reduction in our daily trade allocation process."
CAFMâs implementation of Charles River IMS increases Charles Riverâs customer roster in the Asia-Pacific region to 16 including Queensland Investment Corporation, BT Financial Group, and Prudential. Founded in 1984, Charles River has grown to serve more than 125 of the worldâs largest, most successful asset managers and over the past three years has significantly expanded its operational presence in the Asia Pacific region by staffing sales, engineering, and client support offices in Singapore, Sydney, and most recently, Melbourne.
The complete news release announcing Commerce Asset Fund Managerâs successful implementation of Charles River IMS is included below. Please contact me if you are interested in learning more about Charles Riverâs expanding Asia-Pacific client base and our growth strategy across the region.