Mr Dragstrem, McDonnell’s chief information officer, said: “We have dramatically improved our reporting efficiencies and now process our investment accounting reports more than 60 per cent faster. This has allowed us to focus on our business strategy, instead of the administrative needs.”

McDonnell, a $12 billion manager of fixed income assets, has been a client of Eagle Investment Systems since 2004, and has recently upgraded to a hosted version of its software, Eagle Access.  Having made the transition to the hosted service, McDonnell now has access to system upgrades, disaster recovery, and back office support without having to allocate internal staff resources.