Cim Fund Services has announced that it will be using the automation capabilities of FrontInvest, to provide premium administration services for sophisticated alternative investment funds around the world through gains in efficiency and accuracy.
Cim Fund Services sought to reduce its dependency on manual processes, reduce human error, save time and produce reports more efficiently. With very large administrative exposure to PE and closed-ended funds, the firm needed a specialised solution in order to provide truly best-in-class administrative services.
The FrontInvest implementation includes CRM, as well as portfolio, fund, and investor management modules. The first phase covers the fund administrator’s most complex funds and provides primarily back-office functionality, including accounting, bank operation management and call and distribution notices. The second phase will involve the migration of additional funds, as well as increased automation.
“I’m very enthusiastic about the strong and mutually beneficial partnership we have built with eFront,” commented Graham Sheward, Managing Director of Cim Global Business. “Our goal is to strengthen existing business relationships and attract much more clients with increased efficiency and greater transparency.”
“We’re very happy to welcome Cim Fund Services into the eFront family of customers,” explained Tarek Chouman, Chief Operating Officer, EMEA & Asia for eFront. “Cim Fund Services partnered with eFront to offer premium services for the administration of their very complex funds on a global scale. We formed a strong partnership with the professional and enthusiastic team from Cim Fund Services during the selection process, which began in June 2014, all the way through the first stage of implementation.”
Efront is a leading software provider of end-to-end solutions dedicated to the financial services industry with a recognized expertise in alternative investments, enterprise risk management, and customer relationship management. eFront’s solutions serve more than 800 customers in 48 countries, including companies in the private equity, real estate investment, banking and insurance sectors. eFront’s primary product suites offer tightly integrated solutions for streamlining the management of alternative investments and corporate risk. Founded in 1999, eFront services clients worldwide from offices in Asia, Europe, the Middle East and North America. For more information visit www.efront.com and follow us on LinkedIn at www.linkedin.com/company/efront.