Though clearly most financial services firms operating in the Windows environment have already moved up to NT -- or at least Windows 95 -- there are still some stragglers out there yet to migrate from DOS. Toyo Trust Company New York (TTNY) was one such firm hesitant to take the NT plunge. That is, until recently.
TTNY has rolled out the NT version of Advanced Banking Solutions' SPAR (Securities Processing Accounting and Reporting) system, essentially a securities processing system which employs client/server architecture based on Microsoft's SQL Server database. SPAR had been running on the DOS version at TTNY since 1992.
The transition to the Windows NT version has allowed TTNY to modernize its technological platform, and enabled better control over increasing transaction volumes and processing requirements, says Edward Caplette, head of trust operations at TTNY.
"Our goal was to reduce manual processing significantly as well as to improve customer service," says Caplette. "Since migrating to the new system, we have successfully automated the majority of our custodyoperations and we are also in a much better position to meet our future strategic business goals thanks to SPAR's flexibility and cost-effective platform."
TTNY worked in tandem with ABS throughout the entire implementation process. Mark Okochi, TTNY, head of systems, comments: "We spent many productive hours with the ABS development team explaining processing flows and defining the technical specifications that would effectively automate these processes. "
"Our conversion to SPAR on Windows NT from SPAR DOS was a smooth and seamless transition and the ABS development team was efficient in providing immediate support during and after the beta testing period," adds Caplette.-