McAdams Wright Ragen Renews Agreement with Xtiva

19 November 2008

Xtiva Financial Systems, a leading provider of business performance management solutions for the financial services industry, today announced that McAdams Wright Ragen, Inc., has signed a multi-year renewal agreement with Xtiva Financial Systems.
“We have been a client of Xtiva for 7 years and have been very satisfied with the product and service levels, it was an easy decision for us to extend our agreement and deepen our relationship with Xtiva.” said David Director, CFO of McAdams Wright Ragen. “We have both retail and institutional businesses, and Xtiva helps us manage each from a compensation, reporting and business management perspective. We like the direction the applications are taking and look forward to taking advantage of the latest service enhancements in Xtiva’s SAS-70 certified data center and their new business performance management portal with data process automation with National Financial.”

Xtiva’s business performance management portal is the first industry-integrated approach to truly integrated compensation management, sales performance measurement, institutional client performance management, and business policy management tools to support today’s needs for a managed solutions to meet a wide range of business, operations, finance, and technology needs. The Xtiva portal combines Xtiva’s next generation data consolidation, calculation, and business rules engines integrated with MicroStrategy’s leadership in business intelligence in one seamless Software-as-a-Service suite of products. Xtiva's Business Management Portal delivers the industry’s most comprehensive and flexible reporting and analytics capabilities; providing Xtiva clients with the advanced tools they need to manage their businesses.

“McAdams Wright Ragen is a small but growing firm and we are excited to be a strategic business partner as they expand.” said Thomas Moysak, Executive Vice President at Xtiva. “We appreciate the trust they have shown in us.”
Xtiva’s new business performance management portal enables clients to:

+ Improve the quality and focus of reporting across the enterprise

+ Reduce total cost of ownership of advanced enterprise reporting solutions

+ Manage revenue and expenses more effectively

+ Bridge the huge gaps between regulatory and financial reporting today

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