TUSTIN, CA. September 28, 2005 â Envision Financial Systems announced that Butler Group, a leading independent IT analyst firm, has completed a Technology Audit for Envisionâs transfer agency system PowerAgent. The audit report provides comprehensive technical analysis of the PowerAgent system, functionality, deployment and product strategy.
The key findings of the report include:
PowerAgent is built on a sound architectural infrastructure, offering both flexibility and scalability, providing real-time processing and up to the minute reporting
PowerAgent is functionally rich, and supports all of the core fund features including complete load fund processing and NSCC interfaces
PowerAgent is fully compliant with tax reporting and U.S. Patriot act requirements
Envision has proven conversion experience in helping clients transition from legacy systems
Butler Group concludes that, âPowerAgent is a new breed next-generation transfer agency system that offers full flexibility in features, at the same time offering the reliability and scalability that fund companies expect. With many mainframe transfer agent applications reaching the end of their useful life, fund managers are looking to replace them with more economical and functionally rich alternatives. Butler Group believes that when fund managers are looking to implement a transfer agent solution they should consider PowerAgent.â
âButler Group expects PowerAgent to increase its market share as funds with legacy systems look to update their systems.â
âThe rigorous Technology Audit examined PowerAgentâs comprehensive features and future direction of the product,â says Tim Kan, Chief Technology Officer for Envision. âCompanies around the world rely on Butler Groupâs expertise in evaluating technology, and weâre pleased to have had such a favorable review of PowerAgentâs ability to service the mutual fund industry from an independent and reliable source.â
The full Technology Audit on Envisionâs PowerAgent transfer agency system can be downloaded for free at www.enfs.com/butler.