Pittsburgh, PA (PRWEB) July 17, 2006
Access Data Corp., the leading provider of omnibus transparency solutions for the mutual fund industry, today announced that Ariel Capital Management, LLC has completed the implementation of Access Data SalesVision®. This outsourced solution will provide Ariel with clean, controlled and consistent asset and sales data across its entire organization. SalesVision will enable Ariel to aggregate detailed shareholder data from multiple financial intermediary platforms; improve enterprise sales and asset reporting and query capability across all product lines and distribution channels; as well as monitor detailed trading activity in order to detect trading irregularities.
Reputable financial services industry clients such as Ariel have turned to Access Data for both sales reporting and compliance monitoring because of its robust on-demand service features, data management capability and multiple business-line applicability. Clients have the option of outsourcing like Ariel, or acquiring an enterprise license and installing SalesVision directly at the client site.
“With SalesVision, we have implemented an important analysis and monitoring solution for Rule 22c-2 compliance that will give our Fund Board members and shareholders confidence that we are growing our business within regulatory requirements,” said Anita Zagrodnik, Chief Compliance Officer for Ariel Mutual Funds.
Ariel also plans to use the power of SalesVision to improve sales and asset reporting as well as other business processes such as wholesaler compensation calculation and reporting. Ariel will also synchronize SalesVision with other internal business applications including Ariel’s existing CRM system.
“We are thrilled to add Ariel to the growing list of major financial services companies utilizing SalesVision for multiple business purposes,” said Dan Cwenar, President and Chief Operating Officer for Access Data. “We look forward to expanding our relationship with Ariel and helping them leverage the power of our industry leading applications and services to build their business and better serve clients,” added Mr. Cwenar.
Access Data SalesVision is the only solution that aggregates and integrates omnibus sub-account activity and transfer agency information from all sources, across all sales channels—providing a unique business view to each user group within a mutual fund company. SalesVision provides a comprehensive storage, analysis and reporting solution for regulatory, financial and administrative management personnel—all based on a common architecture and view of critical transaction information from multiple sources. Today, SalesVision is used to protect, control and grow the businesses of leading mutual fund companies representing over $1 trillion in assets under management.
About Access Data Corp.
Access Data Corp. is the leading provider of omnibus transparency solutions for the mutual fund industry. Access Data SalesVision® is a web-delivered, on-demand application which solves the omnibus sub-account transparency issue for mutual fund companies—allowing them to protect, control and grow their businesses. Access Data ExchangeSM provides straight-through processing of mutual fund sub-account transaction data to help mutual fund companies and financial intermediaries meet SEC Rule 22c-2 requirements. Access Data Professional Services has enabled the world’s leading financial services companies to re-engineer business processes, launch new technologies and create powerful management tools more efficiently—delivering increased profits, reduced costs and strengthened customer relationships. Access Enterprise Solutions provides expertise to cost-effectively support, upgrade and implement ERP solutions. Access Managed Services manages software, hardware and networks in its secure data center to host client applications, reduce costs and provide back up and recovery services. To learn more, visit http://www.accessdc.com, or call 1-888-799-1744.
About Ariel Capital Management, LLC
Ariel Capital Management, LLC is a Chicago-based institutional money management firm and mutual fund company with more than $17.5 billion in assets under management. Ariel serves individual investors through its no-load Ariel Mutual Funds and manages separate accounts for institutional clients. Ariel Mutual Funds’ web site is http://www.arielmutualfunds.com.