Stone & Youngberg Renews Contract with Xtiva
Stone & Youngberg LLC signs multi-year renewal for Xtiva's next generation business performance management solution.
New York (PRWEB) November 2, 2008 -- Xtiva Financial Systems, a leading provider of business performance management solutions for the financial services industry, today announced that Stone & Youngberg LLC (S&Y) has signed a multi-year renewal with Xtiva Financial Systems.
"We have been a client of Xtiva since their beginning and are very satisfied to be able to cement the relationship for years to come," said Craig Summers, Controller of S&Y. "We conducted a comprehensive search of the industry during this process, including other third-party and clearing firm offerings which validated Xtiva's offering as the leader in their space and ours. As part of our agreement, we will migrate to Xtiva's SAS-70 certified data center and their new business performance management portal with data process automation with Pershing's data center."
Xtiva's business performance management portal is the first industry-integrated approach to truly integrated compensation management, sales performance measurement, institutional client performance management, and business policy management tools to support today's needs for a managed solutions to meet a wide range of business, operations, finance, and technology needs. The Xtiva portal combines Xtiva's next generation data consolidation, calculation, and business rules engines integrated with MicroStrategy's leadership in business intelligence in one seamless Software-as-a-Service suite of products. Xtiva's Business Management Portal delivers the industry's most comprehensive and flexible reporting and analytics capabilities; providing Xtiva clients with the advanced tools they need to manage their businesses.
"We are pleased to continue our relationship with Stone & Youngberg. As a company that holds a long San Francisco history, we value having a business relationship with such a well respected investment boutique, and will continue to be the best business partner we can be for them." said Thomas Moysak, Executive Vice President at Xtiva. "We appreciate the trust they have shown in us."
Xtiva's new business performance management portal enables clients to:
| | - Improve the quality and focus of reporting across the enterprise
- Reduce total cost of ownership of advanced enterprise reporting solutions
- Manage revenue and expenses more effectively
- Bridge the huge gaps between regulatory and financial reporting today
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About Xtiva Financial Systems
Xtiva Financial Systems is a leading provider of Software as a Service (SaaS) solutions for the brokerage industry. Founded in 1998 and based in New York City, Xtiva has developed state-of-the-art technologies that enable retail and institutional broker/dealers to streamline operations, from sales compensation and production reporting to supervision of advisor licensing and compliance issues. With over 100 clients and key industry alliances, Xtiva is the leading provider of sales compensation solutions to the brokerage industry.
Xtiva's clients include AXA Advisors, Gunn Allen Financial, H&R Block Financial Advisors, Key Bank, MetLife, Mutual of Omaha Investor Services, New England Securities, RBC Wealth Management, Northern Trust, UBS, and Walnut Street Securities. For more information about Xtiva, visit www.xtiva.com.
About Stone & Youngberg LLC
Stone & Youngberg is a leading financial services company offering a comprehensive range of products and services for public finance clients and institutional and private investors. One of the oldest private financial institutions operating in the country, Stone & Youngberg was founded in San Francisco in 1931 and today trades and underwrites more California municipal bonds, land-secured debt, and redevelopment finance issues than any other firm in the United States.
Stone & Youngberg provides fixed-income underwriting, advisory, and investment services out of offices in San Francisco, Los Angeles, San Diego, New York, Chicago, Phoenix, Richmond, VA, Annapolis, MD, and Big Bear Lake, CA. For more information about S&Y visit www.syllc.com.
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