By Matt Abar on 3/5/2009 2:30 PM

We've run into some feature creep with the beta and we're running late. Feedback from the beta sites prompted us to add additional features. Our goal is for clients to start running the FinFolio beta in parallel with their current systems which is a necessary step for any new software but doubly so for a portfolio management system, due to the numerous transaction interfaces with custodians, legacy software, and complementary systems.

Importing transaction data from custodians or legacy PMS systems is very tricky. If there *is* a specification for a particular interface, important details are usually missing. Information is often contained in comment fields or in undocumented alternate transaction codes. The sample data we work with rarely has anything but the most common transaction types, so we don't know how a custodian handles corporate actions, reversals, option expirations, or other uncommon situations until we see it come down in the live data.

Read More »

By Matt Abar on 2/20/2009 3:17 PM

FinFolio will be attending the Virtual Office Tech Tools conference next week in Texas. If you've been reading the blog and/or are planning on being a beta, please drop by the booth and say hello.

We're doing an in-depth demo of FinFolio Workstation after the last panel on Friday (around 6:30).  And I'm on the Portfolio Management Software I panel, along with reps from Morningstar, Portfolio Director, Open Finance Network and Arcorns.

• Portfolio Management Software I Panel - Friday,  9:10am - 10:25am
• FinFolio Demo - Friday, 6:30pm - 7:30pm in the Spectrum Room

I hope to see you there!

Read More »

By Matt Abar on 2/11/2009 8:56 AM

Techfi support had some deeply ingrained bad habits, and we never got to the point where service was one of our strengths. For the first few years, we didn't have systems in place to track our support calls and didn't have any way of knowing if we were doing a good job. About two years in, our press took on a negative quality, where any article about Techfi had comments about our horrible support.

The bad press was a wakeup call for me and, I like to think that it launched a turnaround. Over the next year we installed a CRM system, started doing client surveys on support quality, added numerous quality control checks to our service bureau, created a professional services department, and much more. We never got to the point where service was a strength but we did improve.

Read More »

By Matt Abar on 2/10/2009 4:45 PM

I've spent the last week getting our marketing material ready. There are now several new pages under the Software menu that describe the FinFolio Workstation product. Not all of the features listed there will be in the upcoming beta, but we do expect them to all to be in the final release.

Read More »

By Matt Abar on 2/4/2009 11:34 AM

I've taken a couple days off from coding and I've been working on various marketing items. We're preparing for our first trade show and beta releases, which means we need a trade show booth, brochure, and updated web site. We don't expect to have any marketing/sales types around for quite some time, so it mostly falls on me.

Designing our brochure got me thinking about Techfi. The first thing I did at Techfi was to write a brochure for our first product, Portfolio 2000. Weeks before I wrote a single line of code, I had a brochure that I was showing to various people, getting feedback about the imaginary product.

Read More »

By Matt Abar on 2/3/2009 9:26 AM

I posted our Alpha 2 release to the site yesterday. It's a big improvement over our Alpha 1 back in December. And a minor improvement over the last Alpha 1f build.

New major features since the original Alpha include:

• Search
• Several new interfaces (FinFolio XML Generic Spec, Schwab, Pershing, DST, TD Ameritrade)
• Several new reports
• Graphs
• Rebalancing (with the TradeWarrior plugin)

Read More »

By Matt Abar on 1/21/2009 9:44 AM

We're starting to get ready for an Alpha 2 release and several new features made the cut. We've spent a lot of time thinking about the FinFolio UI and the quality of our user experience. Techfi's Portfolio 2000 was a rigid piece of software, judged by normal software standards. I feel that, in it's day, for our industry, it was the best software around, but compared to something like the current Microsoft Office, it's clunky.

Read More »

By Matt Abar on 12/22/2008 5:00 PM

It's time to write our interfaces. I'm not sure any aspect of writing portfolio management software is "fun" in the traditional sense. But if I had to make a list of the software pieces I was looking forward to, custodial interfaces would end up close to the bottom.

But as the walrus said, the time has come. We need to import custodial data and there's still no generic data transfer spec for the industry. So for the third time in my life, I have to write interfaces to the same companies. Again.

Read More »

By Matt Abar on 12/19/2008 5:04 PM

As I've mentioned before, I see one of FinFolio's competitive advantages being the open architecture and plugin nature of our technology. We're making it easy for someone to extend our software and customize it for a particular firm. You'll be able to add fields, create new reports in Crystal, and add custom screens, interfaces and data alerts. We did two Developer Preview releases before the alpha that had some of this functionality available at the object level.

Read More »

By Matt Abar on 12/12/2008 6:16 PM

I just posted Alpha 1a to the site. We spent the last two weeks cleaning up the existing screens, redesigning the import and print wizard, and stabilizing the software by fixing numerous crashing bugs. We've added all the icons, generally cleaned everything up and it's looking sharp. We're really seeing the payoff now on the new (and sometimes painful) technology decisions we've made.

Read More »