News

StatementOne Signs Pan-American Financial Advisers For Replicated Data Services

Replicated services to power business intelligence and compliance applications

February 20, 2004 - Lawrenceville, NJ - StatementOne, the industry leader in enterprise financial data consolidation and performance reporting announced today that Pan-American Financial Advisers has signed an agreement to implement StatementOne's data replication solution to power their proprietary business intelligence and compliance applications.

Pan-American Financial Advisers has identified business intelligence and compliance as two key strategic areas to further their company's success. Rachael Schorr, President of Pan-American Financial Advisers, said, "Outsourcing data replication allows us to focus our valuable development resources on our strategic initiatives such as enhanced business intelligence and compliance applications. We are utilizing business intelligence solutions to provide us with strategic insights into the key leverage points in our company. This will lead to increased revenue, profitability and resource effectiveness to better serve our financial advisors and clients."

Schorr added, "In today's regulatory environment, it is imperative we fully meet our compliance obligations. StatementOne's data replication solution provides us with timely access to customer information and transactional data to meet our compliance requirements and provide a higher level of responsiveness."

Pan-American Financial Advisers selected StatementOne to power their applications after performing an extensive build/buy analysis. Said Schorr, "The StatementOne data replication solution allows us to deploy a sophisticated, production-tested solution quickly and cost effectively, while minimizing our upfront capital costs and development risk. It greatly accelerates our delivery schedules for our enhanced business intelligence and compliance applications."

"We're pleased that Pan-American Financial Advisers has selected the StatementOne data replication solution to power their business intelligence and compliance applications", said Greg Pacholski, StatementOne's chief executive officer and president. "By taking full advantage of our data replication solution, Pan-American Financial Advisers can instead focus their critical resources on their key strategic initiatives that will drive their business to further success."

About Pan-American Financial Advisers

Pan-American Financial Advisers, member NASD and SIPC, is a wholly owned subsidiary of Pan-American Life Insurance Company. All brokerage services provided under this program are rendered by Pan-American Financial Advisers. For more information on PAFA, please call 504-566-3300 or 888-312-3978 or visit their Web site at www.panamericanlife.com.

About StatementOne

Founded in 1993, StatementOne consolidates enterprise investment account data, delivering a powerful, easy-to-use Web-based portfolio accounting and performance reporting solution to financial institutions. StatementOne's Web Services platform allows a seamless secure way to pass valuable consolidated information from the StatementOne database to other critical applications in an advisor's practice such as business planning, analytics, product development and CRM applications. StatementOne currently manages account data for more than 65 financial institutions, representing over $500 billion in assets, tens of thousands of financial advisors and millions of investors. Their current clients include independent broker-dealers, registered investment advisors, banks, credit unions and insurance companies. For more information, contact Stuart Tarmy at 609-806-0227.