MIS 750 - PFI "PAM For Investments"

As in previous entry, I have shared about PAM system, however in this next entry I am going to share about another accounting management system, PFI. This system has been introduced to the market on year of 2013. This system has been developed to furnish the weaknesses and improved better operation functions in old PAM system. Lets view the basic function of PFI and how the performance so far expecially in handling major function or daily tasks.

Still using Citrix as its dekstop and the features of PFI more on Microsoft features. On the left side, PAM Grids listed the main fuction for user to use on daily basis. For example, positions, security master, cash, locations, performance management, transactions, mutula funds. private placement, poftfolios and reporting. Basically, the key features of PFI are similar with PAM Sytem.

• Multi-basis accounting : Local GAAP, TAX, Stat, Management, IFRS

• Integrated sub-ledger with multiple charts of accounts

• Multi-currency based with bifurcation of FX and market G/L

• Accounting across all asset classes: equities, fixed income, derivatives, structured products, options, futures, swaps, real estate investments, private placements

• Integrated GIPS-compliant performance measurement, attribution and analysis
• Regulatory reporting
• Web-based reporting with user-defined dashboards

• Flexible ownership structure

As PFI is still undergo for training and testing mode, as overall, I can say that PFI interface are intresting and more direct especially to see the currect holdings, cash, location as this has been simplified by PAM Grids. There are less step to reach on certain function and easy to search as well as to sort either according to the portfolio or transaction types. Even the performance of PFI still unpredictable however, the improvement made through PFI can be proud. Easy friendly system? I can consider as yes. Easy access? I do agree. However, as mentioned earlier PFI still in the progress for training and testing. I believed, a part of being a new system, there are a lot improvement and weaknesses whould be highlight and rectify. Hope PFI could able to assist operation officer especially in obtaining information needed and reporting functions, thus, able to improve more in work progression and performance.

On next entry, we will see the comparison, in terms of strengths and weaknesses betweek PAM System and PFI.

Source : UAT Team's report, SS

Note : This article was published in this blog as one of the assignment for subject MIS750 and to fulfill my EMBA course.