Montreal, Canada (IBwire.com - May 14, 2009) FinRad Inc., a specialist in providing trade and treasury management systems, announced today that the City of Montreal, the second biggest city in Canada, was going live with FinLogic version 2.09 .

FinLogic has automated the municipality's processes for allocating cash flows, amortizing funds and managing its investment portfolios. In addition, City of Montreal users will also use FinLogic to manage their debt and track all of their assets across asset classes.

"As a result of collaboration with the City of Montreal, FinRad automated their debt and investment management process. We have also simplified the monitoring of their budget parameters for many years to come. This successful project completion is a vivid example of FinLogic’s flexibility to adapt to the most sophisticated business processes and the project management team's ability to implement a flexible and robust solution to manage the most complex financial instrument accounting rules. " says Jean-François Sabourin, CEO,  FinRad.

About FinRad Inc.

FinRad is an emerging player in financial software solutions for money managers, financial services and corporations. FinRad combines finance, operations, accounting and technology expertise to provide robust and affordable finance solutions that can be quickly implemented to bring tangible benefits to customers. Our solutions are conceived to help executives on several levels: Front-to-Back Trade management, Treasury Management, Derivatives Accounting and Budget Management. 

FinRad counts among its customers prestigious companies such as GE Capital, UBS Global Asset Management, National Bank of Canada and Desjardins Global Asset Management. For further information: www.finrad.com.

About FinLogic
FinLogic is a cross asset class technology designed to manage, report and audit, virtually all types of financial instruments. Including: fixed income, equity, foreign exchange, cash and derivatives.