Press Releases

Shadow Financial Systems Introduces New Training
Business Unit, Shadow University

-Curriculum Enhances Usage of ShadowSuite System Capabilities-

EDISON, N.J. (August 11, 2010) - Shadow Financial Systems, developers of the ShadowSuite® global securities processing, reconciliation, clearing, treasury and accounting system, today unveiled its new training business unit, Shadow University. Designed to help clients fully leverage the comprehensive functionality of the ShadowSuite system, Shadow University helps companies take advantage of all the benefits of the production-proven ShadowSuite software.

Solving problems for the back-office, treasury and accounting departments for many leading companies, ShadowSuite’s modular approach gives companies the functionality they need with on-premise or software-as-a-service (SaaS) delivery options. While each new client implementation of ShadowSuite includes training on ShadowSuite Business Basics, Shadow University enables a deeper understanding of the full capabilities of the system.

Donald Marino, CEO of Shadow Financial Systems, said, “There were instances where we found that the expansive functionality of the ShadowSuite platform was not being fully utilized. Upon investigation, we determined that making an advanced learning environment available to clients will help them, which is why we launched Shadow University.” He continued, “By providing clients with an education program geared to their business and operations structures that takes into account the applicable functionalities in ShadowSuite, they can better utilize ShadowSuite to further automate processes that had previously been done manually. Shadow University is staffed with experienced members of our team who have used ShadowSuite in a production environment prior to joining us. Their in-depth knowledge of the business and proficiency with ShadowSuite delivers a very productive experience for our clients that extends past the manual or textbook.”

Designed for new and experienced ShadowSuite users, classes cover ShadowSuite Business Utilization, Accounting and Asset Master Configuration and Trade Processing. Shadow Financial intends to expand the course selection for continuous education on the system. Primarily delivered on-site in the client’s office, Shadow University’s classes focus on the specific business practices of the client being trained.

We knew that ShadowSuite had significant back-office functionality, but we gained a whole new perspective on the depth of the many pieces working together in the system to enhance the trade process,” commented Barry Feller, Raymond James & Associates, Inc. Vice President in Operations. “Plus, with the extra detailed education on the system, we found that we can now troubleshoot many questions on our own.”

More information about Shadow University is available online at www.shadowfinancial.com under Solutions.

About Shadow Financial Systems
Founded in 1997 by industry experts, Shadow Financial’s technology provides comprehensive post trade processing, treasury and accounting functionality on a cost-effective platform for trading organizations. Among the Company’s clients are NYSE Arca, National Financial Services LLC, a Fidelity Investments Company, Newedge USA, UBS, MF Global, and Raymond James & Associates. More information can be accessed at www.shadowfinancial.com.

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Melissa Prusher
The Devon Group
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