Alliance Capital Nixes Portfolio System Vendors--Will Build Its Own Instead


After two years of searching, Alliance Capital Management L.P. has finally decided on a portfolio accounting and management system. Having failed to find a satisfactory off-the-shelf software package that met its list of requirements, Alliance has decided to build a proprietary system.

The lengthy evaluation process involved two groups; one that looked at the feasibility of developing a homegrown product and another that methodically evaluated--and rejected-- a long roster of vendor-provided

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