Altus

Profund selects Altus for STP

31st Oct '08

After a keenly contested procurement Profund Solutions Ltd has selected Altus as their preferred supplier of Straight Through Processing (STP) solutions. Altus is already the leading supplier of pension e-filing solutions and has recently launched the Altus Instruction Gateway to automate the investment process for pension administrators using the ViaNova standard from the Investment Managers STP Development Group (IMSDG).

Ben Cocks, Products Manager at Altus, believes it was their comprehensive Information Logistics vision which proved decisive: “At Altus we take a step back from message standards and communication protocols to look at the whole business process. Before even thinking about a technical solution we spent a lot of time working with leading pension administrators to see how they can benefit most from STP. We will continue to extend our range of Information Logistics products and the decision by Profund is an important vote of confidence in our approach from a key player in the pension technology market.”

Steve Bird, Commercial Director at Profund, says: “The Altus view on STP is very much in line with our own philosophy and this, combined with their track record in delivering reliable and innovative software solutions, makes Altus an ideal choice to help us realise our ambitious STP plans.”

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