Arkansas Systems Inc., a banking software company, has upgraded its trust accounting systems to handle larger, more complex investment portfolios.
According to Sharon Hale, a product manager at Arkansas Systems, based in Little Rock, the upgrades are part of an ongoing effort to provide their customers - mainly community and regional banks - with systems capabilities usually seen only in larger trust processing and management operations.
The new version of the company's Personal Trust Management System includes expanded account history displays and portfolio modeling features, as well as a new user-defined reporting function and an electronic interface for Depository Trust Co. notification.
Ms. Hale indicated that, with the new upgrade, users can move from screen to screen with greater ease because the number of keystrokes it takes to execute a function has been reduced.
In addition, on-line data entry and maintenance functions have been improved so that users can now customize their display formats.
On the master-trust side, Arkansas Systems' Corporate Trust Management System offers banks the standard applications to maintain and control registered stock and bond issues. The new upgrade provides transfer agents with on-line access to securities information and up-to-the-minute account positions.
A new forms design capability allows users to design and modify layouts for trust documents and forms such as checks, certificates, receipts, and transmittal letters.
In addition to basic transfer system features, the Corporate Trust Management System supports payment delivery methods including checks, direct deposit, and dividend reinvestment.
Ms. Sullivan is a freelance writer based in New York.