Wall Street Systems (Wallstreet), the global provider of treasury, trading and settlement solutions and services, has today announced the availability of its cross-asset investment and debt management solution, Wallstreet Suite, as an ASP delivery model. The launch, which targets banks, multi-national corporations, central banks and debt management offices, follows the strong uptake of Wallstreet Treasury ASP, which is aimed at mid-market corporate treasuries, and has already won several industry accolades.

A significant proportion of new and existing Wallstreet clients are opting to run treasury management software on Wallstreet’s servers rather than their own. More than 30 customers are now using Wallstreet Treasury ASP, and more than 50 percent of new Wallstreet Treasury customers are subscribing to the ASP model. Wallstreet Treasury ASP clients include Dyson, Warner Music and adidas among other leading organisations.

Wallstreet Suite provides users with a fully integrated enterprise application platform, which enables cash management, trading, funding and investment activities to be automated, audited, consolidated and accounted for on a global scale. The ASP model combines the same functionality with increased flexibility and quality of service. In addition to faster implementation times, users benefit from significantly quicker upgrades to new versions of the software. Dependence on internal IT resources is eliminated, allowing users to focus on their core business. The total cost of ownership is also reduced by at least 25 per cent.

"Financial institutions and corporations often have hundreds of subsidiaries. As a result, their treasury and cash management system demands are high," said Joergen Jensen, director of product management at Wallstreet. "As with a Formula One car, high-end treasury operations are often complex and require a team of skilled people to keep the software running smoothly. By taking the ASP approach, users can avoid this hassle, while our experts – who have easy access to resources – take responsibility for the application management, security and support."

Wallstreet Suite ASP, which is hosted at a Savvis Class A data centre (a SAS 70 type II operating environment), provides full transparency and control over operations, helping users comply with regulations such as Sarbanes-Oxley. It offers full disaster recovery and the highest possible levels of uptime, availability and responsiveness.

Managing more than 2 trillion USD of debt, Wallstreet Suite delivers comprehensive front, middle, and back office functionality in single system. Its integrated capabilities enabled one US mortgage bank to replace five legacy systems.

Wallstreet will be demonstrating the solution’s capabilities at EuroFinance between 18 - 20 September in Vienna.