Batch Processing Performance System Unveiled

June 9, 2004 ( - A Tuscon, Arizona technology company has unveiled a new system allowing recordkeepers to batch process large numbers of personal rate of return calculations to produce plan statements more quickly.

dailyVest said in a news release that the new offering is also designed for participant access Web sites that allow employees to figure out how their plan investments have fared.

According to the company, the new product is different than others in the marketplace because it offers clients a flexible, customizable, XML-based performance calculation engine which may be integrated within a service provider’s host system.

More information is at .