7 June 2005

New subscription-based model combines flexibility with significantly reduced costs, through matrix architecture of multi-tenant and custom modules.

FundWorks, the specialist provider of client communications solutions for the investment community, is delighted to announce the release of FundReports 5.1 under the application service provision (ASP) model. The move comes in response to unprecedented market demand for ASP-based client reporting, and includes the deployment of the fully-featured FundReports application on high-availability servers.

FundReports is the leading client reporting solution for institutional asset management, delivering high-quality reports, fully customisable to the requirements of each individual account. Currently in release 5.1, the application streamlines the reporting process with data management and analysis tools, graphical report designer and native workflow, production monitoring and distribution functions.

The service aims to realise all the benefits which have made the ASP model so popular: dedicated support, regular upgrades and the substitution of all IT development and infrastructure costs for a single annualised subscription can deliver dramatic reductions in the total cost of client reporting.

FundReports ASP includes the full application as well as the FDH data repository hosted on high-availability, dedicated or shared servers. A unique matrix-style architecture combines multi-tenant and client-specific components (e.g. security and data handling), to deliver the flexibility with significant cost efficiencies.

Philip Goffin, FundWorks' Chief Executive says that "this launch is driven by a phenomenal demand from the market for ASP-modelled solutions. We have been careful not to compromise the application's features, but rather make them available through a framework which asset managers of all sizes will find attractive and cost-effective".

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