ZAN Partners elected to replace its existing in-house portfolio accounting and general ledger system with Paladyne FastStartâ¢, a unique combination of order management and portfolio management functionality delivered as a fully hosted, ASP solution. Paladyne FastStartâ¢ provides ZAN Partners with order management, pre-and post-trade compliance, real-time P&L and exposure monitoring, portfolio management, NAV reporting and automated 3rd-party reconciliation. Paladyneâs hosted platform, known as Paladyne ASPâ¢, provides ZAN Partners with a fully managed IT service, 24Ã7 technical and product support, hardware, product upgrades and mirrored (âhot siteâ) disaster recovery.
âOnce we decided to make the switch to Paladyneâs all-in-one solution we gave their services team a very aggressive migration timeline,â explained Zain Naqi, CEO of ZAN Partners. âWe were really impressed by the speed and thoroughness of the entire Paladyne FastStartâ¢ implementation, and look forward to a close partnership with Paladyne in the coming years.â
âWe are thrilled that we were able to transition ZAN Partners to our platform in a very short period of time,â commented Sameer Shalaby, CEO of Paladyne. âZAN Partners is yet another example of a firm making the decision to move away from heavier, less integrated in-house solutions, to Paladyneâs fully-hosted front-to-back solution, which has the ability to shadow all of a firmâs counterparties including the fund administrator.â