New Jersey-based Princeton Financial Systems, providers of accounting, compliance, data management, and reporting services for investment firms, has launched its new eMIG21 software, a compliance product which demands less maintenance of the client than previous versions.

eMIG21 is specifically geared toward organisations who prefer not to set up or maintain an in-house compliance system. The software ensures a quick return on investment for organisations of all sizes, helping clients to monitor their investment compliance at a low cost. Clients can access their compliance business content from anywhere in the world via a standard web browser. Princeton hosts eMIG21 in its own data centre. 

"With the launch of this product, enterprises that prefer the flexibility and ease of “software as service” can now access the most powerful investment compliance software on the market remotely," said James Russo, chief executive officer at Princeton Financial Systems.

Princeton is part of Boston financial services firm State Street. Its products are used worldwide by over 430 leading investment managers, custodians, insurance companies, pension funds, hedge funds, and banks, which manage combined total assets of over $5 trillion in more than 40 countries.