MIP unveils new product

MIP unveils new product

Financials software developer Management Information Principles (MIP) has announced the release of its latest management product, but it looks like only the upper echelons of the channel are likely to get a cut from the vendor's potential success.

The UK-based data warehousing company, MIP, has unveiled its high-end commercial risk factoring product RiskFM, designed to ensure trades are compliant to industry regulations and in-house company policies before the fund, asset or portfolio manager makes the trade.

At around £380,000 per server its installed on and £10,000 per licensed user, RiskFM is generally out of reach for the local one-person investment broker down the road.

It is however, in high demand in the dead sexy world of high finance according to MIP's managing director Steve Hitchman.

And with a four to five month integration period, most integrators would be chomping at the bit to wrack up those kind of billable hours.

As it's such a high-end product, Hitchman claims MIP goes direct with the sale, but is looking for a few major consulting channel companies to handle the rollout.

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