TUSTIN, CA. June 21, 2005 âAt this year's SIA 2005 Technology Management Conference in New York, Envision Financial Systems, the award-winning software company for the financial industry, announced its support for experience Capital Markets, an initiative from Microsoft Corp. for the Securities industry. Envision also unveiled the PowerAgent Test Server at the conference, allowing prospects to experience their next-generation transfer agency system firsthand.
The PowerAgent Test Server will be used to replicate on a small scale the transfer agency environment for mutual fund companies, including the PowerAgent transfer agency software and a database of simulated accounts. The purpose of the Test Server is to allow users to experience the flexibility and intuitiveness of the PowerAgent next-generation transfer agency system. Running on an HP Integrity 4640 server with 8 Intel Itanium 2 64-bit processors, the PowerAgent Test Server takes advantage of the reliability of Microsoft Windows Server and Microsoft SQL Server database.
"For many in the mutual fund industry, theyâve pretty much accepted that they have to live with legacy or mainframe transfer agency systems which are outdated, notoriously inflexible and expensive to maintain or modify," noted Brian Jones, Vice President for Strategic Business Development for Envision. "Weâre here to allow people to see and feel for themselves how a transfer agency system built on open standards can be so easy to use, yet so powerful."
"With so many financial companies moving off a legacy environment, it makes sense for mutual fund and financial firms to look at a transfer agency system that is as flexible and scalable as PowerAgent," said Kenny McBride, global industry manager for capital markets and securities at Microsoft.
Those interested in setting up an appointment to use the PowerAgent Test Server can either come to the Envision booth within the HP environment at the SIA show in New York, or call (714) 247-0030 ext 124 to set up an appointment.