ebizframe ERP successfully deployed at Mauritius’ Leading Finance Company
The client is a wholly-owned subsidiary of The State Investment Corporation Ltd. (SIC). Client licensed by the Financial Services Commission (FSC) as a Collective Investment Scheme (CIS) Manager and Investment Advisor (unrestricted) under the Securities Act 2005. The total asset under management of the client is over US$ 50M. With around 20 years of experience, the client has proven itself to be a reliable and trustworthy Asset Management Company. Their range of services encompasses Fund Management, Investment Advisory, and Private Equity. The company manages funds like Port Louis Fund Ltd., Casinos of Mauritius Pension Fund, The Mauritius Civil Services Mutual Aid Association Ltd. and the Employee Superannuation & Pension Fund. Earlier, ESS had implemented a Share Regulatory System at another subsidiary of SIC.
Area of ebizframe ERP Implementation
The following modules of ebizframe ERP will be implemented:
- Investment Management System
Client’s point of Interest
The client wanted to replace their discrete financial processing systems/Excel reporting systems with an integrated system to centralize its Financial data for the purpose of improving employee productivity and services to their existing clients. The client wanted to automate the financial statements generation, financial reports and NAV of funds on a daily basis, something that they were earlier doing fortnightly or monthly. They wanted a system that would generate easy-to-use reports which would, in turn, enable their end-users to access the information in the format they needed and help them in their analysis.
Benefits from ebizframe Implementation
The client is expecting the following benefits from ebizframe:
- Automating their business processes
- Portfolio management: compliance management, modeling, scenario simulation, portfolio rebalancing and workflow automation.
- Real-time data and “as-of” reporting functionality to ensure accurate information at any point in time.
- Flexibility of integrating new clients/funds lines.
- Better coordination between different departments.