Princeton Financial Systems is to promote and distribute XcitekSolutionsPlus's corporate actions automation system XSP to users of its portfolio management and accounting platform, Pam.
Princeton says XSP will enable Pam users to streamline their corporate actions processes and improve operational efficiency across the organisation.
XSP is ISO 15022 compliant and features workflow distribution and management tools that provide client notification and response capture tools to eliminate manual intervention and errors. Complete client systems integration allows for front-to-end entitlement calculation and processing.
Brendan Farrell, managing partner, XcitekSolutionsPlus, says: "Princeton Financial's selection of XSP to provide their client base with corporate actions automation further validates the benefits XSP brings to the asset management community."