Skandia Completes pControl Migration

Milestone Group has announced that platform provider Skandia has completed the integration of its income distribution and reconciliation processes into pControl.

Skandia previously moved its fee and rebate management to the product in 2011, with the completion of this phase providing increased automation around business processes. pControl supports exception management, end-to-end control and fully-integrated data management functionality.

"We commenced the transition to pControl at the start of 2010 with the long-term plan of implementing the technology across our fund processing operations." says Peter Fleming, head of investment administration at Skandia. "What's so beneficial about the Milestone solution is that it enables us to handle multiple business processes from one platform. The improvements in control, efficiency and flexibility we have already made means we were very keen to roll out pControl to other areas of business."