Cim Fund Services, a fund administrator in Mauritius, has gone live with the implementation of eFront’s flagship FrontInvest solution.
Cim Fund Services will use the automation capabilities of FrontInvest to provide premium administration services for sophisticated alternative investment funds around the world through gains in efficiency and accuracy.
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Cim Fund Services is part of the Cim Group, a large financial services firm founded in 2005 and headquartered in Mauritius.
Now among the largest fund administrators in the island nation, 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 realiszed it needed a specialiszed 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.
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By GlobalDataThe 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.
Cim Global Business managing director Graham Shewrd said: "I’m very enthusiastic about the strong and mutually beneficial partnership we have built with eFront."
eFront EMEA & Asia chief operating officer Tarek Chouman added: "We’re very happy to welcome Cim Fund Services into the eFront family of customers. 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."
