Altus

Altus sign up another STP client

7th Feb '10

Punter Southall has selected the Altus Instruction Gateway to deliver Straight-Through Processing (STP) for both its DC and DB pension administration business. This is the latest in a series of recent sales successes for Altus and the deal covers the full range of Altus product options including automated dealing, reconciliation and cash settlement.

Altus Products Director, Ben Cocks, believes it is their end-to-end vision for STP which is key to the rapidly growing adoption of Altus STP products: “We recognised early on that paper instructions go through a whole cycle of processing before and after they hit the fax machine so we made sure that our solution could support that lifecycle from start to finish. It's great for the team here to see all their hard work paying off in sales to some of the biggest and most demanding TPAs in the Pensions business.”

According to David Watkins, Administration Principal at Punter Southall, “At Punter Southall we have a clear strategy for delivering the future development of our service proposition and technology framework and Straight-Through Processing is a key component of these wider ambitions. We evaluated all the options for supporting STP and concluded that the Altus product recognises the complexities of the administration process and was the only solution that could really deliver our vision out of the box. We will be working closely with Altus and ITM Limited, to integrate the investment gateway with our PenScope administration system."
 

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