New software platform streamlines managed account operations; improves communications, capacity and service

New York, NY, October 16, 2008 – Peridrome Corporation, a leading developer of automated solutions for the managed accounts industry, today unveiled a suite of financial software products that gives operations and technology professionals, for the first time ever, a fully customizable, single-platform solution for efficient straight-through processing.

Peri

drome’s product suite seamlessly integrates the multiple platforms that managed account professionals work with on a daily basis. It automates manual procedures and other functions needed to process client requests, and captures unstructured communications, such as faxes or email messages, and converts them into standardized messages for faster, easier routing and handling.

 

“I know the frustration associated with dealing with multiple sets of procedures, endless piles of paper and the fear that business knowledge will be lost forever if a key employee leaves the company,” says Gib Veconi, Peridrome’s president. “Our software solution puts an end to all of that. We designed it to help our colleagues and clients in the wealth management industry implement a complete end-to-end delivery system quickly and easily so they can concentrate on growing their business while improving service quality at the same time.”

 

Peridrome chose to unveil its new software solution at the Money Management Institute’s (MMI) Fall Conference on October 16-17 at the Roosevelt Hotel in New York City because, according to Mr. Veconi, “The MMI has projected continued growth for this industry, with some estimates as high as 18 percent within the next five years. Industry members are concerned about the prospect of business growth because they already spend so much of their time dealing with multiple layers of information and a varying range of business processes. The MMI has taken a lead in proposing industry-wide communications standards, and our platform can help firms to prepare for message standards tomorrow, while at the same time improving productivity and streamlining communications today.”

 

Peridrome’s suite includes three core products: Peridrome Portal, which can be extended to advisors and partners for online collaboration; Peridrome Dash, a business process management framework capable of processing requests and flagging potential issues with complex business rules; and Peridrome Capture, a software program that acquires unstructured communication or requests from various channels and transforms them into standardized messages for efficient processing. 

 

“Our flexible software platform helps operations and technical teams get automated systems in place quickly and easily,” notes Elizabeth Erdelyi, Peridrome’s Executive Vice President of Product Development. “It’s an out-of-the-box solution that clients can customize and integrate with their existing core accounting and portfolio management systems to increase business capacity, reduce errors and improve transparency.”

 

More information on Peridrome Portal, Dash and Capture, including systems requirements, can be found at www.peridrome.com/solutions.