McAdams Wright Ragen Renews Agreement with Xtiva

National Financial Services client renews agreement with Xtiva

New York, NY (PRWEB) November 20, 2008 -- Xtiva Financial Systems, a leading provider of business performance management solutions for the financial services industry, today announced that McAdams Wright Ragen, Inc., has signed a multi-year renewal agreement with Xtiva Financial Systems.

"We have been a client of Xtiva for 7 years and have been very satisfied with the product and service levels, it was an easy decision for us to extend our agreement and deepen our relationship with Xtiva." said David Director, CFO of McAdams Wright Ragen. "We have both retail and institutional businesses, and Xtiva helps us manage each from a compensation, reporting and business management perspective. We like the direction the applications are taking and look forward to taking advantage of the latest service enhancements in Xtiva's SAS-70 certified data center and their new business performance management portal with data process automation with National Financial."

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.

"McAdams Wright Ragen is a small but growing firm and we are excited to be a strategic business partner as they expand." 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

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 McAdams Wright Ragen
McAdams Wright Ragen is a Pacific Northwest broker-dealer and investment advisor with 90 employees, managing over $3 billion in assets for clients primarily throughout the Pacific Northwest. The company maintains a research department covering both Northwest and national stocks, a fixed-income desk specializing in Northwest bonds, two equity trading desks and an investment banking presence targeted at Northwest companies. Founded in 1998 by Brooks Ragen and Scott McAdams, the firm currently has branches in Seattle and Bellevue, WA and Portland, OR. For more information about McAdams Wright Ragen visit www.mwrinc.com.

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