Trinity Fund Administration Partners with Savenet Solutions to Gain Competitive Advantage

Global boutique hedge fund solutions provider ensures disaster recovery and SAS 70 accreditation with Savenet.

2010-09-04

DUBLIN, IRELAND, September 04, 2010 (Press-News.org) Trinity Fund Administration, a global hedge fund solutions provider that delivers a wide range of services including administration and accounting, incorporation, transfers, compliance assistance, and corporate meeting logistics, has partnered with Savenet Solutions to implement and deliver a comprehensive disaster recovery and business continuity solution to its clients. Global financial services require continuous operation and reliable data accessibility; market prices change around the clock and transactions have to occur on time every time. Trinity Fund has gained competitive advantage through strong, accredited disaster recovery and business continuity assurance.

"Disaster recovery is the time it takes to get business back online should a disaster, whether a flood, lightening strike, prolonged power outage, or server shutdown, occur," explains Savenet's Susan Dixon. "Companies like Trinity need to time disaster recovery in minutes, not hours or days. Minutes cost the business nothing, Hours or days can cost millions of euros."

Savenet now provides Trinity Fund Administration with a comprehensive disaster recovery solution. "As part of the solution provided by Savenet, all information is sent off-site and stored securely," says Graham Wade, Trinity's IT Manager. "We also have in-house storage for quicker recovery which provides us with reassurance that our data is safe and on-hand when we need it." Savenet sends daily update emails assuring the company that their data is up to date and safe. And, Savenet's disaster recovery solutions allows Trinity Fund Administration to store up to five years' work of data which is not only important for client services but a legal requirement of the Financial Regulator.

The service Savenet provides Trinity translates into real competitive advantage. Customers know that financial operations are reliable and that data is safe. They know that because Trinity has gained SAS 70 Accreditation. SAS 70 is a widely recognized auditing standard set by the American Institute of Certified Public Accountants (AICPA). SAS 70 accreditation indicates that Trinity Fund Administration has passed an in-depth audit of operational controls which include IT processes. In particular, SAS 70 ensures Trinity's customers that data that is hosted or processes on their behalf is safeguarded.

"A host of regulations, the economic climate, and client requirements make it essential for financial institutions to invest in disaster recovery and business storage solutions," says Wade. "Savenet Solutions helps us meet those requirements and gives us, and our clients, real peace of mind."

For more information contact;
Elizabeth Collins
elizabeth.collins@merrionbd.ie
01 4885860
http://www.merrionbd.ie

About Savenet Solutions
Savenet Solutions was established in 2005 by Lorcan Cunningham to provide a safety net for IT disasters to SMEs. Savenet provide their clients with online backup, disaster recovery and business continuity solutions.

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