Garradin launches Advanced Unit Pricing in time for IFSA Guidelines

Sydney, Australia (23rd February 2005): Australian asset administration software specialist Garradin launched its new Advanced Unit Pricing module at the Garradin Portfolio User Group in Sydney yesterday.

Stephen Bowhill, CEO of Garradin comments "unit pricing can be extremely time
consuming and fraught with risk without the right systems in place. We are delighted to provide a solution that can automate and streamline the unit pricing business process. By using benchmarking, tolerance checking, alerts and audit workflow, mid-office staff can spend more time on checking exceptions and not on calculating prices."

Garradin is the only Australian mainstream system which has automated pricing integrated with portfolio management, registry and general ledger. Bowhill continues "automating entire business processes is the aim of our Garradin Portfolio system and we will be launching new modules in forthcoming releases that leverage Garradin’s broad product range and expertise especially in tax and corporate actions".

"The industry has an intense focus on unit pricing and welcomes any infrastructure that will allow funds to bolster unit pricing capabilities. The IFSA unit pricing standard and the APRA/ASIC paper on unit pricing provide a robust platform to protect member interests," said IFSA Deputy CEO, John O’Shaughnessy at the launch.

The new Advanced Unit Pricing module is available as a part of the next release of Garradin Portfolio, V8, which is due for release in June 2005. Advanced Unit Pricing can be taken as a stand-alone module or as a part of the integrated suite of modules within Garradin Portfolio.

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