Flexible and easy to use
BARS was designed to be able to work with just about any Portfolio Management System (PMS); Axys®, Portfolio Center®, etc. The PMS simply needs to be able to output a file that contains the market values of each position. This can be done in either system using extracts or other tools. BARS takes an import of this information each period, and then applies the rules that have been defined for each account/household and calculates the fees. It is a very straightforward process, once the fees/rates and accounts have been setup in BARS.
There isn’t a need to maintain the billing information in your PMS after you start using BARS. Updated information from your CRM or PMS system can also be imported into BARS, so if there are changes in the name/address or other basic information, there is no need for duplicate data entry. BARS doesn’t use any proprietary file formats for importing. If you have a system (such as Excel) that is currently used for billing and storage of data and would like to populate BARS with this data, BaySys can work with you to put the data into the proper format, which is simply a comma separated file (.csv).
Larry Baker
BaySys Technology, LLC
Cell: (925) 984-4869
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