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BISYS Selects GainsKeeper, Inc. Tax Lot Accounting Services to Power Mutual Fund Services.
Business/Technology Editors
BOSTON--(BUSINESS WIRE)--May 22, 2001
GainsKeeper's Sophisticated Tax Lot Accounting Engine Strengthens
BISYS' Industry-Leading, Third-Party Fund Services
GainsKeeper Institutional Services (GKIS), an ASP provider for financial institutions, today announced that it has entered into an agreement with BISYS(R), a leading third-party fund services provider. Under terms of the agreement, GainsKeeper's tax lot accounting (TLA) engine will provide capital gains calculations for 33 funds under BISYS administration. Using GainsKeeper's TLA engine, BISYS virtually eliminates the need for manual wash sales calculations, resulting in increased efficiency and accuracy.
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