eFront

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.

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.