ILLINOIS INVESTMENT FUND TO USE PRINCETON FINANCIAL SYSTEMS ACCOUNTING SOFTWARE

Posted March 5, 2009

PRINCETON, N.J. -- The Illinois State Board of Investment (ISBI) plans to deploy ePAM, Princeton Financial Systems’ investment accounting software. ePAM will provide consolidated accounting, reconciliation, and reporting across all asset classes. These include private equity, fixed income, real estate, equity (foreign and domestic) and options.

ISBI is a public investment authority managing the pension and retirement assets for employees of the State of Illinois. The fund currently holds approximately $10 billion in assets in a diverse set of asset classes.

“Organizations like ISBI have recognized that using the right tools for the investment management process can create efficiencies while at the same time enhancing the control environment,” says Lorne Whitmore, Head of Global Sales at Princeton Financial Systems. “Our experienced implementation team looks forward to working with ISBI in order to achieve these goals with ePAM.”

ePAM will provide consolidated management and accounting across the multi-strategy investment portfolio at ISBI. With a 360-degree view of its assets, ePAM will enhance accounting and audit controls and exception-based reconciliation between investment activity and custodian records. In addition to accounting, management reporting will consolidate across traditional investments and alternative assets.