Global Investment Systems Releases New Version of MFACT.Business & High Tech Editors HACKENSACK Hackensack, city, United States Hackensack, city (1990 pop. 37,049), seat of Bergen co., NE N.J., on the Hackensack River, a residential and industrial suburb of New York City; settled 1647, inc. as a city 1921. , N.J.--(BUSINESS WIRE)--Aug. 29, 2000 Global Investment Systems (GIS (1) (Geographic Information System) An information system that deals with spatial information. Often called "mapping software," it links attributes and characteristics of an area to its geographic location. ), a leading international investment industry software company, has announced the latest release, version 6.0, of its mutual fund accounting and administration system, MFACT(sm). According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Barry Barry, Welsh Barri, town (1991 pop. 45,053) and port, Vale of Glamorgan, S Wales, on the Bristol Channel. Once a major coal-exporting port, its more diversified export products include cement, flour, and steel products. McConville, director of sales and marketing worldwide for GIS, "the new enhancements to the MFACT system are designed to provide clients with more options and flexibility in the manner of deploying MFACT. We are confident that our clients will find MFACT 6.0 an even stronger and more versatile solution." MFACT is used by mutual fund and unit trust organizations responsible for the administration and NAV See navigation system and navigation bar. calculations and compliance reporting for mutual funds and pension funds. The major enhancements included in the new release are the addition of an 'On-Line Help' facility and 'Web-based Knowledge Database.' The On-Line Help facility provides 'User Manual' documentation on each desktop with hyper-link references and sophisticated search capabilities. The Web-based Knowledge Database provides users with a state-of-the-art web-based support tool to address common questions and issues that arise. Access to the Database is achieved remotely via the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . Both features make it easier for users to understand how the system works. In addition, MFACT now offers a new reporting option, which gives users the option of extracting and saving report data to a database file. This facilitates easy access to report data, and makes writing custom reports quicker and easier. GIS has also included in the release, a new pricing interface with Bridge Data which is a fully integrated FTP FTP in full file transfer protocol Internet protocol that allows a computer to send files to or receive files from another computer. Like many Internet resources, FTP works by means of a client-server architecture; the user runs client software to connect to module that is built within the existing MFACT software giving users an additional option to obtain securities pricing and other investment-related data. The existing Auto Trades Interface process in MFACT will now have the capability to link to a new IDC Security Master Interface making retrieval of primary security data from IDC virtually seamless. GIS is headquartered in Hackensack, NJ, with an office in Dublin, Ireland. The company also offers other accounting software products for the securities industry including MSHARE(sm), a shareholder accounting or transfer agency system used by mutual fund companies for tracking and reporting shareholder activity; IMPACT(sm), an investment management and portfolio accounting system used by investment advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and . Worldwide, GIS maintains more than 100 systems installations of MSHARE, MFACT and IMPACT in 15 countries, servicing more than 3,400 mutual funds and portfolio accounts. |
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