Jersey City-based Aim-To, a provider of hedge fund software, has announced an expansion of its spend management software and managed services offering.

In the past year, Aim-To has upgraded the reporting and invoice payment functionality of its spend management software, which allows users to increase cost transparency across market data, telecommunications, subscriptions and other vendors.

The enhanced application allows users to run ad-hoc analyses, perform 'what-if' analyses, produce custom reports and automate integration with back-office systems.

Aim-To claims that by outsourcing technology-enabled business processes to it users have been able to lower costs, improve workflow quality, increase reporting accuracy, and maximize user productivity.

John T Vaughan, Aim-To's president and founder, says: 'Over the years, Aim-To has worked with the best hedge funds and has developed world-class practices and unsurpassed expertise when it comes to the planning, development, selection and implementation of market data and telecom vendors. By outsourcing technology-enabled business processes to Aim-To, our clients will identify significant cost savings and greatly improve the efficiency of their business.'