13 Feb Fiserv Introduces eFreedom, Investing Software
Brookfield, Wis. — Fiserv Inc., a provider of information management systems, announced today eFreedom Investment Management, a portfolio management and investment accounting solution. eFreedom supports trading processes, from order processing through trade execution, accounting, international settlement support and regulatory reporting.
Brookfield-based Fiserv designed eFreedom to handle several accounting bases and closing dates and the software is capable of managing an array of financial instruments including debt instruments, mortgage-backed securities, asset-backed securities, collateralized mortgage obligations, equities and derivatives. A cancel/replace engine can automatically reverse transactions by unwinding and rebuilding all related transactions automatically. This client/server solution supports both SQL Server and Oracle databases, and Fiserv plans to offer the system as an ASP service in 2004.
eFreedom Investment Management solution is being delivered to the insurance market through a relationship between Fiserv and Enterprise Financial Solutions, Inc. (efSolutions).