City of Montréal goes live with FinLogic

Montreal - 14 May 2009

FinRad Inc., a specialist in providing trade and treasury management systems, announced today that the City of Montreal, the second biggest city in Canada, is going live with FinLogic version 2.09 .

FinLogic has automated the municipality's processes for allocating cash flows, amortizing funds and managing its investment portfolios. In addition, City of Montreal users will also use FinLogic to manage their debt and track all of their assets across asset classes.

"As a result of collaboration with the City of Montreal, FinRad automated their debt and investment management process. We have also simplified the monitoring of their budget parameters for many years to come. This successful project completion is a vivid example of FinLogic’s flexibility to adapt to the most sophisticated business processes and the project management team's ability to implement a flexible and robust solution to manage the most complex financial instrument accounting rules. " says Jean-François Sabourin, CEO, FinRad.

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