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15/03/2012

StatPro CEO says StatPro Revolution enables a global sales strategy

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Market: AIM
Sector: Software & Computer Services
EPIC: SOG
Latest Price: 89.00p  (0,00%)
52-week High: 119.00p
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StatPro has evolved into a leading provider of performance and risk management solutions for the investment community. We do this by offering software combined with pre-packaged data on our own IT platform. In this way, we can provide a complete solution for our clients in the most cost-effective manner possible.

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StatPro's Revolution endorsed by US wealth management firm

17th Jan 2012, 11:00 am by Sergei Balashov PlanStrong says the software has helped it increase in its assets under management (AUM) by 15 percent in three months

StatPro’s (LON:SOG) Revolution software product received an endorsement from American wealth management group PlanStrong, which it said has improved its portfolio measurement, reporting and operational efficiency.

StatPro Revolution is a web based product, which offers online business portfolio analysis.

The Massachusetts-based PlanStrong, which has been using StatPro Revolution since August last year, said the software has helped it increase its assets under management (AUM) by 15 percent in three months.

As a sales tool, PlanStrong said StatPro Revolution allows it to show clients how their investments would have performed and the prospect’s portfolio risk.

“We use StatPro Revolution to enter the number of shares and dates of when the client first came to see us,” said investment analyst at PlanStrong Alex Bender.

“If they don’t end up signing with us, we follow up with them several months down the road and show them through a StatPro Revolution report how their portfolio would have performed (and the volatility) versus how it actually performed.”

According to PlanStrong, the software also eliminates the need to cross check potential data errors that were previously common.

“I no longer spend hours trying to figure out whether or not the reports are generating the correct numbers,” said Bender.

“I now have more time to focus on developing client relationships and earning critical business.”

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