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About the Client
Member Since June 7 2013
Compliant Investment Reporting
Public Fund Investment Tracking and Reporting® (PF…
Public Fund Investment Tracking and Reporting® (PFITR) is an accounting software development and software sales company that serves public entities by helping them track their investments and quantify objectives. Currently, the market has approximately 120,000 public entities that oversee just fewer than $4 trillion in fixed income assets. PFITR’s product is a subscription-based accounting and analytics system that costs approximately $300 per month preceded by a small investment valuation charge and a set up charge of about $1,000. The program generates reports about investments and analysis needed to quantify objectives of the investment policy.
PFITR’s application is unique because the technology is much more advanced than what is currently offered using the latest languages and interface protocols. It is built for the iPad and it is also a system designed to take the initial set up and data entry out of the hands of the public entity. Setting up includes sending a professional to the entity to collect and enter all the data into the PFITR program and generate the first reports. The iPad would be the most beneficial tool for three reasons. First, it is paperless. There is a political motivation to show that the entity is “going green” by resorting to electronic filing. Second, is the paperless gooey interface are where public entities are headed. Third, boards and councils approve budgets that will directly benefit their council. Boards all across the country have packets of paper prepared for each meeting that typically are outdated by the time they are discussed. Use of the iPad allows easier updates to information on the go, so that information will always be relevant to that time.
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