New York, NY (PRWEB) October 23, 2012
Xtiva Financial Systems, the leading provider of enterprise-wide compensation solutions for the financial services industry, announced today that it has renewed its contract with Merriman Capital, Inc. an investment banking and institutional brokerage firm based in San Francisco, California.
“Xtiva has been providing Merriman Capital with market leading production reporting and compensation software for the past 7 years,” said Mr. Jon Merriman, Co-Founder and CEO of Merriman Capital. “Our business is constantly evolving. It is critical for us to have vendors in place who can adapt as we grow. Xtiva has proven their ability to deliver and meet our requirements on a daily basis. We are happy to put our faith in Xtiva’s processing and reporting capabilities.”
“Merriman Capital has been, and will continue to be, a valued client and we are very pleased that they decided to renew their agreement with us,” said Xtiva Vice President of Sales & Services, Rick Scearbo. “We look forward to many more years being their partner in support of their various business lines.”
Xtiva provides the first industry-integrated approach to fully-automated compensation management, sales performance measurement, institutional client performance management and business policy management. Xtiva’s product line supports today’s need for a managed solution while meeting a wide range of business, operational, financial and technological needs. Xtiva provides clients with the tools they need to drive their businesses forward by enabling 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 gaps between regulatory and financial reporting
About Xtiva Financial Systems
Xtiva Financial Systems is a leading provider of hosted solutions for the financial services industry. Founded in 1998 and based in New York, 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. Xtiva’s portfolio of clients includes Ameriprise, AXA Advisors, MetLife, New England Securities, RBC Wealth Management, Northern Trust, ThinkEquity and Walnut Street Securities. For more information about Xtiva, visit http://www.xtiva.com.
About Merriman Capital, Inc.
Merriman Capital, Inc. is an investment banking firm providing equity and options execution services, market making, and differentiated research for high growth companies. The firm also provides capital raising, advisory, and M&A services. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc. and is the leading investment banking firm for OTCQX companies. For more information, please go to http://www.merrimanco.com/. Merriman Capital, Inc. is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) http://www.finra.org/ and the Securities Investor Protection Corporation (SIPC) http://www.sipc.org/.
Xtiva Financial Systems
265 Sunrise Highway, Suite 1-359
Rockville Centre, N.Y. 11570
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