SAN FRANCISCO, Dec. 10 /PRNewswire/ -- NorthStar Systems International, Inc., a leading provider of wealth management software to financial services institutions, today introduced the industry's first, firm-tailored, on-demand solution(TM) for wealth management. The solution is based on years of successful service-oriented architecture (SOA) implementations and wealth management best practice experience. As a result, NorthStar is able to deliver the most in-depth, firm-tailored software configuration in the industry.
SAN FRANCISCO, Dec. 10 /PRNewswire/ — NorthStar Systems International, Inc., a leading provider of wealth management software to financial services institutions, today introduced the industry's first, firm-tailored, on-demand solution(TM) for wealth management. The solution is based on years of successful service-oriented architecture (SOA) implementations and wealth management best practice experience. As a result, NorthStar is able to deliver the most in-depth, firm-tailored software configuration in the industry.
NorthStar's professional services group has deep experience in wealth management software configuration. NorthStar's on-demand, modular software — also available on-premise — enables wealth management firms to speed time to value, lower total cost of ownership and compete more effectively.
Until now, wealth management firms had only three choices. They could purchase a canned point application, deployed on-demand or on-premise, not integrated into their wealth workflow. They could purchase a horizontal enterprise application that required heavy customization and long implementation times to integrate. Or they could build and integrate their own software in-house. Most firms chose a combination. As a result, advisors have been stuck using 12 un-integrated applications on average, as their IT departments struggle to maintain the customizations, with limited time for integration or new projects.
NorthStar offers wealth management firms new and better alternatives. NorthStar can implement standard, on-demand software in two weeks. But firms gain true market differentiation when they invest in NorthStar's firm-tailored, on-demand solution. NorthStar configures the firm's wealth management software to specific firm requirements as well as industry best practices. Incrementally, firms can use this SOA-based software foundation to integrate and extend capabilities as needed. The net result is that firms achieve a single, integrated advisor desktop at a fraction of the time and cost it would take to customize horizontal enterprise software or canned on-demand software. Advisors benefit as well. Using a tailored and integrated system, they save time and provide more differentiated, personalized service to attract and retain sophisticated clients.
"Wealth management firms of all types are requiring a configurable model, and NorthStar offers the gold standard in terms of depth of functionality and ease of firm-tailored implementation," says V. Balasubramanian, vice president of professional services, NorthStar. "With our proven implementation processes, highly experienced resources and world-class templates, we are able to provide rapid time to value for our customers, and with NorthStar's firm-tailored on-demand implementations, our average time to value is only 12 weeks."
NorthStar's professional services group offers a wide range of services to support new and existing clients, including:
— Firm-tailored configuration services such as custom risk questionnaires, Investment Policy Statements and workflows, and firm introduction templates — Firm-tailored integration services such as integration to market data feeds, trust and portfolio accounting systems, and in-house portals and systems — Implementation services such as requirements definition, development, validation, deployment, and overall project management — Development services, both onshore and offshore, with trained and experienced NorthStar and partner resources — Assessment services to analyze and benchmark current processes and build a business case for a best practice-based NorthStar software solution — Post-implementation services such as usability studies and adoption studies — On-demand services — Support services
About NorthStar Systems International
NorthStar's enterprise-class solutions, delivered either on-premise or on-demand, enable firms of all sizes and their advisors to dramatically improve productivity, accelerate revenue growth, and drive profitability. NorthStar's innovative suite of pre-packaged wealth management solutions includes Client Acquisition, Client Reporting, Product Catalog and Compliance. For more information about NorthStar, its premier clients and award-winning offerings, visit http://www.northstar.com.
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SOURCE NorthStar Systems International, Inc.