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State Street's new offering
State Street Corporation has launched a global accounting solution for asset managers and institutional investors.
The new offering, eHorizon, is designed to help asset managers and owners handle multiple accounting bases, such as GAAP and IFRS.
Commenting on the launch, State Street Investor Services' executive vice president and head of global product management, Pat Centanni, said asset owners and managers were launching more complex fund structures and needed to bring product to market faster, requiring more global controls around operational risk.
“The infrastructure required to manage the accounting, reporting and valuation of these global fund structures has become significantly more complex and multi-faceted,” he said.
Centanni said State Street’s eHorizon was aimed at providing a seamless, automated and comprehensive accounting process on a single platform.
AUTHOR
Mike Taylor
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