Pendo Systems, Inc., New York-based provider of the portfolio accounting solutions BasisPoint, reported that it has signed Chicago-based American Agricultural Insurance Co. as its newest client. According to David Elstrom, VP, accounting systems and internal controls, at American Agricultural, "We selected BasisPoint for our nearly $1 billion of investments because it offers the most comprehensive features in an intuitive, easy-to-use package." The BasisPoint system, which runs on a Microsoft-based platform, provides the flexibility to support complex investments in multiple currencies and tax regimes, Pendo Systems says.