HiPortfolio/3âs multi-layer architecture will help PAAMC to comply with standards for valuation, reporting, book keeping, performance review and risk control. HiPortfolio/3 covers transaction core and investment data, facilitating the export, re-mining and multi-dimensional analysis of data and statistics. This will help enable PAAMC to generate diverse and customised reports.
Wenjie Yu, PAAMCâs Deputy General Manager and project sponsor commented: âWe had to consider a number of key issues before choosing the correct system for PAAMC. The project had to be completed with a new system up and running within the hard deadline of nine months. From an operational and business perspective, this was an immovable target. We also needed the investment accounting part of the solution to be completed and in place before a number of other systems could be implemented. With these considerations in mind, DST Global Solutions was the better option for us.â
Albert Lee, the Director of Ping An Technology commented: âWhen we selected DST Global Solutions to undertake this project, PAAMC was interested in a system to manage domestic and international portfolios, to improve efficiency as our business grows in scale. It was important to us to be able to access our data in real time, reliably and consistently. The teamwork displayed by both PAAMCâs staff and DST Global Solutionsâ Professional Services team has allowed us to complete a challenging project on time.â
The implementation marks the end of a nine-month collaboration between PAAMCâs Finance and IT teams with DST Global Solutions IMSâ Professional Services team. During the period, the teams successfully migrated all of PAAMCâs investment and asset data over to HiPortfolio/3.
DST Global Solutionsâ CEO, Tom Abraham, spoke about the successful implementation: âThis project has been one of our most ambitious in terms of scale and complexity in Asia. We have achieved our joint goal thanks to the combination of PAAMCâs professionalism and DST Global Solutionsâ expertise. It was the optimum combination of technology and people that made this possible. I would like to congratulate the PAAMC project team on their success.â