Eagle Investment Systems, a provider of financial services technology and a subsidiary of The Bank of New York Mellon, has announced that AGF Management, a Canada-based investment solutions firm has selected its investment management suite to be delivered via its application service provider (ASP), Eagle ACCESS.

The AGF will leverage Eagle to standardize its data management functions across several AGF entities. Eagle offers a common, integrated platform for data management, investment accounting, and performance measurement, which includes functionality for daily performance and attribution analysis and GIPS composite management. The firm will deploy the Eagle Portal, a web-based tool that simplifies and executes the distribution of investment reports to internal and external clients globally.

AGF selected Eagle to replace current applications which include a mix of home-grown and installed vendor solutions. Eagle’s hosted service was chosen as AGF’s desired deployment method. The implementation will be rolled out in phases and began in July.

Mal Cullen, managing director of Eagle’s Canadian operations, said: “Today’s investment managers are implementing technologies that help simplify their investment management processes to gain greater access to accurate and up-to-date information, wherever they are located. Firms remain extremely cost conscious and lean toward offerings that can help reduce the time to market and cost of running their operations.”