FIMAC Solutions, a provider of risk analytics software, announced it has created an SaaS application—Portfolio Accounting Analytics—to replace its 40-year industry workhorse, The Deats Report. The firm expects to release the new platform to the marketplace in July 2011.

The Deats Report, which FIMAC acquired in 2009, provides live, independent market pricing and embedded cash flows for all debt securities in the institution’s fixed income portfolio. and has provided monthly accounting data to financial institutions and other institutional investors on a service bureau basis.

By introducing a new cloud-based model, FIMAC Solutions for the first time enables bond accounting to be integrated with its flagship Risk AnalyticsALM Model, as both use the same instrument level investment data.

The FIMACMountain Portfolio Accounting Analytics software capabilities include:

•    Automatic tracking of U.S. Government Agency and municipal calls as available.

•    Complete monthly amortization and accrual results.

•    Automated export capabilities to any General Ledger system.

•    Automatic reviews of municipal and corporate issues for calls, step-ups, etc.

•    Rate shock analysis.

•    Simplified month-end posting and balancing.

•    Electronic data files for tie-ins to FIMACMountain Risk Analytics ALM Model.

•    Independent market values from leading national and international data providers.

For more information: https://www.fimacsolutions.com