SOURCE: FIMAC Solutions

May 02, 2011 11:53 ET

FIMAC Solutions Plans Release of Portfolio Accounting Analytics(C)™

New Model to Offer Bankers the Ease of an SaaS Platform Backed by 40 Years of Bond Accounting Experience

DENVER, CO--(Marketwire - May 2, 2011) - In another industry first, FIMAC Solutions, leader in providing risk analytics software for banks, credit unions, thrifts and other financial institutions, announced today that it has created an SaaS (Software as a Service) application -- Portfolio Accounting Analytics©™ -- to replace its 40-year industry workhorse The Deats Report. The firm expects to release the new platform to the marketplace in July 2011.

Accepted by regulators and independent auditors for four decades, the current model, The Deats Report, provides live independent market pricing and embedded cash flows for all debt securities in the institution's fixed income portfolio. FIMAC Solutions acquired The Deats Report in 2009, and has provided monthly accounting data to financial institutions and other institutional investors on a service bureau basis. By introducing a new cloud-based model, FIMAC Solutions for the first time enables bond accounting to be integrated with its flagship Risk Analytics® ALM Model©, as both utilize the same instrument level investment data.

"The SaaS delivery format assures affordable pricing and extreme ease of use for bankers, and like all FIMACMountain products, it comes with FIMAC Solutions' unparalleled customer service and user support," said Eric Struble, Product Manager for FIMACMountain's Portfolio Accounting Analytics.

FIMACMountain Portfolio Accounting Analytics©™ -- Software Capabilities

  • Automatic tracking of U.S. Government Agency and municipal calls as available
  • Complete monthly amortization and accrual results
  • Automated export capabilities to any General Ledger system
  • Factors and prices of Pools, CMOs, and Asset-Backed from recognized independent data providers automatically embedded with user without involvement
  • Automatic reviews of municipal and corporate issues for calls, step-ups, etc.
  • Rate shock analysis
  • Clients generate their own chosen custom reports
  • Simplified month-end posting and balancing
  • Electronic data files for tie-ins to FIMACMountain Risk Analytics® ALM Model©
  • Independent market values from leading national and international data providers
  • Comprehensive, yet intuitive and very easy to use

"FIMACMountain's Portfolio Accounting Analytics©™ is a very exciting upcoming release for us and our clients," said Greg Doner, FIMAC Solutions CEO. "This model enables our clients to utilize our FIMACMountain suite of products to reduce their expenses by eliminating the need to hire third parties to provide accounting and portfolio-wide analysis."

Further information about FIMACMountain's Portfolio Accounting Analytics©™ is available at www.FimacSolutions.com or by calling Eric Struble at (877) 322-1880.

ABOUT FIMAC SOLUTIONS
Since 2000, FIMAC Solutions LLC has specialized in providing the financial services industry with banking software that delivers risk management and profitability solutions through its FIMAC Mountain suite of products. FIMAC's flagship product, Risk Analytics® ALM Model©, is well recognized throughout the industry with approximately 400 placements. FIMAC Solutions was first to market with standalone stress testing software for banks' commercial real estate and construction loan portfolios, CRE Stress Analytics© and Construction Stress Analytics© .The FIMACMountain product group also includes Balance Sheet Manager® and A/L Reporter© for credit unions, along with its soon-to-be- released Portfolio Accounting Analytics©™. Details regarding all of the FIMACMountain products are available at www.FIMACSolutions.com and by calling (877) 322-1880.

Contact Information

  • CONTACT:
    Greg Doner
    FIMAC Solutions
    (877) 322-1880