eFront, the leading financial software and solutions provider for managing alternative investments, announced today that Old Mutual Alternative Investments (OMAI), a leading African investment manager, has successfully implemented the eFront Invest solution. The solution will further streamline OMAI’s operational processes, improve data veracity and overall efficiency, while giving more control to their investment managers.
The implementation project covered all four business lines across OMAI, with integration to other Old Mutual systems including the Life Company, who is a major stakeholder in the success of OMAI. It resulted in a great achievement with a full solution in place that not only meets the initial business needs, but also includes enhanced functionality and customized client and management reporting.
OMAI deployed a breadth of modules within eFront’s full solution suite including eFront Investor, Investment, Debt Settlement, General Ledger, Analytics, Due Diligence, Business Workflow, Report Designer and more. The solution will help OMAI’s investment managers capture and control their deal pipeline through a centralized system, offering powerful analysis and portfolio performance tools. As a result, the investment teams will be able to spend more time on evaluation and monitoring, and less on the collection and administration of underlying information.
Jacques Willemse, eFront’s Head of Professional Services for Central Europe and Africa added, “This was a complex project, and its successful completion is a great success for both sides. We are pleased to see that the eFront Invest solution is now fully operational, and we look forward to the benefits that it will bring to Old Mutual.” Further he stated that, “This success makes Old Mutual Alternative Investments one of our top five most complex implementations worldwide, whilst maintaining all of the global best practices across a standard platform. eFront has in excess of 850 companies that have chosen them as their alternative investment and risk management solutions provider.”
Paul Boynton, Chief Executive Officer at OMAI commented on this occasion “eFront’s solution is an end-to-end operating platform, custom designed for the alternative investment industry. The implementation has enabled us to reduce operational risk, enhance scalability and ultimately have one version of the ’truth‘. We believe that we have a platform that will support our rapid growth strategy.”