Shadow Financial Systems Announces Availability of New Business Process Management White Paper
– Industry initiatives to shorten the life cycle of a trade are nothing more than applying business process management theory to the trade life cycle say experts at Shadow –
EDISON, N.J. (June 1, 2006) Shadow Financial Systems, developers of the ShadowSuite global securities processing and accounting system, today announced the availability of its white paper on enterprise business process management (BPM). The company’s white paper examines the evolution of automation within the securities industry, providing an overall history of operational challenges, and the productivity gains and cost savings created by automating the life of a trade.
Shadow Financial Systems’ President Joe South commented, “At Shadow, we know that a polished operation from trade initiation through trade settlement and accounting removes the need for staff to touch every transaction. This manual intervention is error prone, time consuming and costly. With trading volumes on the rise, legacy systems at trading organizations and outsourcing providers simply don’t cut it anymore. Today’s technology is inexpensive and its capabilities – both hardware and software – far exceed that of decades ago. Savvy organizations are analyzing their back office and accounting departments through an enterprise-wide business process management lens. Processing global trades real-time requires a technology-based solution that can provide real-time visibility. This white paper provides valuable information detailing why technology is so important when managing the life of a trade.”
Shadow Financial Systems’ flagship product, ShadowSuite, is a highly scalable, on-premise software solution for post trade processing. Regardless of trading volume, ShadowSuite handles all combinations of currencies, financial instruments and transaction types, and is a real-time, fully integrated, exceptions-based, multi-currency, global securities processing, clearing, reconciliation, and accounting system. ShadowSuite is used by firms such as Archipelago, Raymond James, and National Financial Services, among others.
About Shadow Financial Systems:
Founded in 1997 by industry professionals, Shadow Financial Systems’ 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, Raymond James & Associates, MF Global, NYFIX International, and Belzberg Technologies. More information can be found at www.shadowfinancial.com.