Press Releases

Asset Control Adds Automated Workflow to AC Plus For New Efficiencies in Data Cleansing and Status Monitoring

New York, NY (SIA Technology Management Conference), June 8, 2004

Flexible Process Management Includes Task Distribution to Individuals and Workgroups, Life Cycle Visualization and Easy Supervisory Intervention

Asset Control, a leading provider of investment data integration solutions to the financial industry, today announced that sophisticated workflow management is now available in all AC Plus data management solutions. The workflow manages and monitors business processes associated with data gathering, cleansing and oversight of data life cycles for data categories, such as corporate actions, which incorporate time schedules and deadlines.

“The Asset Control brand has always been synonymous with reduced overhead and increased efficiency of investment data management. With the addition of workflow, we offer a major step forward in the management of the most troublesome aspect of quality control, the points of human intervention,” says Ger Rosenkamp, CEO of Asset Control. “Our workflow functionality operates as an automated task manager distributing work to expert resources, monitoring workload and eliminating bottlenecks, and providing oversight in granular detail of any point of data, as composite data objects such as corporate actions, instruments or counterparties.”

The new AC Plus workflow functionality is being demonstrated now with the AC Corporate Actions business solution at the SIA Technology Management Conference, June 8-10, at the Hilton New York in Asset Control’s booth #4114.

Features of the AC Plus workflow includes the following:

• Rules-driven workflow for all investment data categories, including corporate actions, which enables users to model relationships among issues, listings, corporate actions and other data elements
• Robust graphical environment for viewing status and flow of data management activities
• Notification assignments and alarms reporting
• Exception handling and supervisory approvals process
• Service Level Agreement monitoring
• Life cycle monitoring and calendar forecasting

A detailed data sheet on use of the AC Plus workflow in AC Corporate Actions can be downloaded at www.asset-control.com.

About Asset Control
Asset Control provides the financial industry with software and outsourced solutions for improved efficiency and cost control of investment data management, as well as adding more business value to the data.  Quick-to-implement solutions, based on the robust and reliable AC Plus modular framework, range from technical solutions such as AC SmartFeed, and AC Business Suite solutions for risk and research, to infrastructure solutions for STP, global data networking and enterprise data control.

Data coverage includes reference (security master), corporate actions, issuer, counterparty and settlement, historic and real-time market data. Managing data from vendors and in-house systems, Asset Control’s broad functionality includes collection, validation, normalizing, and consolidation into a cleansed composite “golden copy” set aligned to industry standards such as ISO 15022.

Customers include the London Clearing House (LCH), Abbey National, ABN AMRO, Barclays Capital, Bayerische Landesbank , BBVA, Commerzbank, Dresdner Bank, Harvard Management Company, HSH Nordbank, HypoVereinsbank, ING, Robeco Groep, Santander Central Hispano, Société Générale, State Street and Union Investment, as well as a super-major global energy group. Established in 1991, Asset Control is a privately held firm with operations in London, New York and the Netherlands.  For more information please visit www.asset-control.com.