The NorthPoint Solutions Suite consists of the NorthPoint Order Management System (OMS), the NorthPoint Enhanced Portfolio Management System (EPM), and the NorthPoint Global Securities Master. Together, the NorthPoint Suite provides the Operational Platform and Analytical tools used by over 80 investment management firms to run their businesses more efficiently and profitably.
The key enhancements and features in the NorthPoint Solutions Suite include:
â¢ Enhanced flexibility and customizability provided by the NorthPoint EPM solution for real-time reporting on positions, P&L, and exposure, along with a customizable integration of client data into the data warehouse
â¢ Enterprise level application monitoring. The new NorthPoint Application Monitoring System (NAMS) module provides a real-time consolidated view of the status/availability of all the applications and services across the Operational Platform including monitoring the completion of scheduled jobs/data feeds and transactions, and generating user configurable alerts on failures
â¢ Seamless integration with risk systems such as Imagine and NXR, enabling a multitude of risk data to be incorporated into the NorthPoint Portfolio Management system for same-day reporting
â¢ Optimization of NorthPointâs P&L engine for increased speed
â¢ The implementation of a new, extensible allocation engine that can be configured to model any Asset Manager's workflow and allocation methodology, including: pro rata, percentage, rebalancing, closing, and more â with every logical step of the workflow tracked and reviewed for audit purposes
â¢ Seamless integration with Advent GenevaÂ® through the NorthPoint Security Master and NorthPoint OMS for asset synchronization, trade booking, pricing, start-of-day positions, and seamless end-of-day process
â¢ Enhanced integration with multiple FIX providers for staging orders and drop-copy fills through the NorthPoint OMS
â¢ An integrated Compliance and Portfolio Testing engine for modeling and client trading workflows, including pre/post-trade testing
According to NorthPointâs Senior Vice President of Professional Services, Mike Molaro, âwe are very excited with the evolution of the NorthPoint Solutions Suite and multiple benefits it brings to our growing list of investment management clients. Our goal is to bring significant value to their business through the combination of the NorthPoint Solutions Suite and our deep consulting expertise in the investment management industry. With this approach, we have been able to offer our clients a flexible and scalable platform that covers all asset classes, yet can still be tailored to their specific business needs with a significantly faster time-to-market than with full custom development. The icing on the cake is that the total cost of ownership is less than that of less functional off-the âshelf software because of the ability to add unlimited users and usage with no initial or recurring licensing fees. Our clients have been extremely happy with this approach.â
NorthPoint will continue to make significant investments to the NorthPoint Solutions Suite by regularly adding additional new features and enhancements. NorthPointâs Consulting Practice is on the front line of the investment management industry ensuring that the NorthPoint Solutions Suite addresses the most current and pressing operational, reporting, and analytical challenges faced by investment management professionals.