Indata, a provider of SaaS (Software as a Service) for buy-side firms including trade order management (OMS), compliance, portfolio accounting and front-to-back office, has launched iPM (Intelligent Portfolio Management) and a new version of its suite of products - IMS 8 - which feature Indata iPM Technology.

Indata iPM is a set of technologies for buy-side firms that allow end users to collaborate in real-time across the enterprise. iPM is designed to increase end user productivity, improve the investment process and offer real-time risk, compliance and performance monitoring as well as integrated tools for marketing.

In addition to iPM, a sample of other features in IMS 8 includes: SQL Server 2008 compatibility, Windows 7 compatibility, and various client specific updates.

Denise Valentine, an analyst at research advisory firm Aite Group, said: “Systems that offer improvements in these areas can offer an edge to buy-side firms looking for an advantage in the current environment. Regulators and clients expect more process controls throughout the firm’s activities, enhanced reporting and greater transparency. Asset managers need technology to help meet these goals with ease and speed.”

David Csiki, managing director of Indata, said: “iPM is a revolutionary approach to portfolio management and presents a different paradigm for investment management firms. iPM significantly improves business agility, decreases operational risk and administrative overhead, and provides investment managers with transparency and a competitive advantage for targeting and managing new and existing business.”