NEW YORK, April 5, 2011 /PRNewswire/ -- InfoTech Solutions for Business, Inc. has launched a Research Publishing Automation System (RPAS) implementation for Raymond James Limited (RJL) in Canada. RPAS automates the production, workflow and distribution processing of financial research documents and related data, increasing speed and efficiency getting financial research to market.
Raymond James now has a global research publishing platform, using a single RPAS to author and publish research from different Raymond James Financial research-producing entities. This is a breakthrough for InfoTech's design and implementation, with a single RPAS platform now accommodating usage by multiple companies, all with different needs, research formats and styles. This exciting accomplishment sets the stage for further expansion to Raymond James Latin America and Raymond James European Equity organizations.
According to Ben Morgan, EVP of the Software Solutions Group at InfoTech, "The RPAS project with Raymond James was exceptional in that we modified an existing system and extended it to accommodate the needs of a separate but related publishing entity that had been interested in the system for years. By using InfoTech's systems, Raymond James was able to minimize costs they would have encountered in building, deploying and maintaining an entirely new system, and now has the ability to leverage research automation and publishing across the entire organization."
Jamie Coulter, General Manager, Equity Capital Markets at Raymond James Limited (RJL), said, "The Canadian research department is quite pleased with how RPAS has performed since going live on the system in December 2010. With a Research coverage list close to 250 names and 17 publishing analysts, RJL had outgrown its existing publishing processes. In addition to allowing more timely distribution of research on Canadian companies, the fields of data collected by the RPAS system will allow our investment professionals and their clients to search our research database according to a variety of criteria such as sector, ratings and market capitalization."
Bob Anastasi, Senior Managing Director of US Equity Research at Raymond James & Associates, noted that the firm's long term partnership with InfoTech has been central to doubling the firm's US coverage to over 800 companies.
About InfoTech Solutions for Business, Inc.
Headquartered in midtown Manhattan, with offices in Minot, North Dakota and other locations, InfoTech is a software house and systems integration company offering a variety of services and products, including: Financial Services Software, Marketing Systems, Federal/DoD Systems, Labor Management Systems, Application Development & Integration, IT Outsourcing and other related technology services. To learn more, visit www.infotechfb.com or contact InfoTech at (212) 245-4222.
About Raymond James Financial, Inc.
Raymond James Financial is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its three principal wholly owned broker/dealers, Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd., have more than 5,300 financial advisors serving 1.9 million accounts in 2,300 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $273 billion, of which approximately $35 billion are managed by the firm's asset management subsidiaries.
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SOURCE InfoTech Solutions