ZAN Partners implements Paladyne FastStart 02 March 2011London Reporter: Ben Wilkie
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ZAN Partners Ltd, an independent investment management firm based in London, has successfully implemented Paladyne FastStart as its fully-hosted front- to back-office solution.
ZAN Partners elected to replace its existing in-house portfolio accounting and general ledger system with FastStart, a unique combination of order management and portfolio management functionality delivered as a fully hosted, ASP solution. Paladyne FastStart provides ZAN Partners with order management, pre-and post-trade compliance, real-time P&L and exposure monitoring, portfolio management, NAV reporting and automated 3rd-party reconciliation. Paladyne’s hosted platform, known as Paladyne ASP, provides ZAN Partners with a fully managed IT service, 24×7 technical and product support, hardware, product upgrades and mirrored disaster recovery.
“Once we decided to make the switch to Paladyne’s all-in-one solution we gave their services team a very aggressive migration timeline,” explained Zain Naqi, CEO of ZAN Partners. “We were really impressed by the speed and thoroughness of the entire Paladyne FastStart™ implementation, and look forward to a close partnership with Paladyne in the coming years.”
“We are thrilled that we were able to transition ZAN Partners to our platform in a very short period of time,” commented Sameer Shalaby, CEO of Paladyne. “ZAN Partners is yet another example of a firm making the decision to move away from heavier, less integrated in-house solutions, to Paladyne’s fully-hosted front-to-back solution, which has the ability to shadow all of a firm’s counterparties including the fund administrator.”
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