In announcing a further successful implementation of its pControl Funds Processing platform at AMP Services (NZ) Limited, Milestone Groupâs CEO, Geoff Hodge singled out attention to the clientâs overall business objectives as a key ingredient for a successful implementation and effective relationship.
âThis implementation has been an excellent example of collaboration across the traditional client / vendor boundary with a very clear set of objectives and timetable. We are very pleased to have been able to play a part in AMP Servicesâ broader program and to have contributed to an âon-timeâ and âon-budgetâ outcome.â
Milestone Group has made pControl available to support the fund processing needs of investment managers, life companies and custodians arising from the introduction of Kiwi Saver and the introduction of tax changes relating to New Zealandâs PIE legislation. pControl is used for unit pricing, cash allocation and unitised order management. pControl will also support tax and accounting requirements and reconciliations.
The success of this implementation further attests to Milestone Groupâs claim that pControlâs flexibility enables effective support of business functions across product, geography and jurisdictions. This is particularly relevant where differences in local market practice, regulatory and / or tax requirements often represent significant challenges for traditional software providers.
Milestone Group products embrace the latest technologies (SOA, BPM, BI,), and represent a breakthrough in true endto- end processing for fund managers, life companies, custodians and hedge fund administrators. In addition to market leading business functionality, supporting even the most complex interfunded structures, pControl incorporates data management, data and business validations and process control capabilities. This provides superior operational efficiency, control and business agility.
Milestone Group promotes integrating detailed business understanding into the implementation process as a key driver for successful projects. This âoperationalâ approach is attracting attention as part of Milestone Groupâs expansion in Europe and North America.