INVESTMENT MANAGEMENT TECHNOLOGY BRIEFS

Investment-management-industry experts recently convened to discuss the merits of a standard for business reporting. Representatives from PricewaterhouseCoopers, Microsoft Corporation, Nasdaq, Morgan Stanley, Gartner and Thomson Financial led a panel conversation on Extensible Business Reporting Language (XBRL). XBRL, according to the participants, is being globally adopted by over 170 companies and regulatory bodies. The standard enables organizations to use consistent business reporting that allows for comparisons and analysis to be made, both within one, and across many organizations.

Advent Software, a California-based investment-management vendor, has aligned with STP-software-solution provider, Netik, to create a best-of-breed solution for investment accounting, data management and reporting. The solution, which can be used by fund administrators, prime brokers and global asset managers, integrates Advent's Geneva with Netik's InterView v.7. The vendors claim that the result will be an enhanced delivery of portfolio-accounting solution, both internally and externally, as well as improvement on a firm's straight-through-processing and reporting capabilities.

LatentZero, a buy-side front-office-technology vendor, has announced that LogicaCMG is an Accredited Implementation Partner. LogicaCMG is one of the consulting and systems-integration firms that the vendor has partnered with to provide clients with advice on implementing LatentZero's solutions on a global level.