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Mobius Solution Selected by SEI

Originally published February 27, 2006

Mobius Management Systems, a provider of software for total content management (TCM), recently announced that SEI, a provider of asset management and investment technology solutions, has selected Mobiusís ViewDirect-ABS to automate reconciliation of institutional accounts for clients of SEIís Private Banking and Trust segment.†

ViewDirect-ABS is an audit and balancing system that ensures the integrity and consistency of enterprise information by automating the balancing and reconciliation processes that are typically subject to error when performed manually. ViewDirect-ABS balances across platforms and applications and alerts key personnel when irregularities occur. The software is a component of ViewDirect TCM, an integrated suite of solutions for total content management.

SEIís Private Banking and Trust group offers outsourced investment processing solutions that comprise a complete investment accounting and management information system for trust institutions.†Reconciliation of data in multiple systems against the core accounting and trust processing system is an expensive, labor intensive process that can take as long as 25 days to complete for just one client. Initial tests with ViewDirect-ABS have reduced processing times significantly.

According to Mark Nagle, Senior Vice President of Operations at SEI, this reduction in processing time will bring significant operational efficiencies to SEI. "Automating reconciliation with ViewDirect-ABS will not only reduce staff requirements, but will also enhance the quality of the service we deliver to our clients.† In addition, we can continue to focus our talented resources on activities that deliver additional value to our client base.Ē

This BeyeNETWORK news item contains information from a recent press release by the company mentioned.