Our global and diverse client base increasingly needs to localize accounting operations to meet country-specific requirements and regulations including GAAP and IFRS accounting standards. This week we were happy to announce that the latest release of PORTIA has improved the flexibility of its calculation and posting rules, enabling asset managers to support an unlimited number of accounting bases to meet these unique operational requirements.
PORTIA provides greater flexibility and configurability to help customers account for costs, track fees, define posting rules and address other unique accounting requirements. Enhanced reporting tools provide transparency into regional accounting practices and address regulatory requirements.
“SS&C PORTIA provides substantial new functionality to assist asset managers implement multiple accounting bases and support accounting requirements that vary by country or region,” said Christy Bremner, Senior Vice President and General Manager, SS&C. “Customers are upgrading to take advantage of the functional benefits to improve the efficiency and quality of their accounting operations.”
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