NEW YORK, Dec. 7, 2015 /CNW/ - eFront, a leading software provider of financial solutions for managing alternative investments, has announced that the eFront Investor Cloud (EIC) solution now processes performance reports for more than 1,000 funds every quarter. This significant milestone comes after the on-boarding of Alternative Investment Capital Limited, the newest EIC client. This growth further strengthens the offering and establishes it as the leader for enabling limited partners (LPs) to quickly and thoroughly analyze their portfolios of alternative investments.
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Previously, GPs provided data directly to LPs in proprietary formats. LPs had to manually transform, validate and analyze the data, typically at the fund-level. With EIC, the entire process is streamlined via a secure, cloud-based platform for submitting, transforming, validating, and ultimately delivering the results into the LP's in-house system. Investors can analyze their portfolio using EIC's dashboards or can easily add the data to the cash flows already in their own applications.
"eFront's mission is to innovate and deliver value to its clients via technology," said Olivier Dellenbach, CEO, eFront. "The EIC solution combines a sophisticated SaaS-based platform with professional services, enabling investors to analyze their portfolios of private equity, real estate and infrastructure funds."
The technical excellence and business acumen built into EIC is evident by its adoption: five of the largest LPs in the world are on the platform as are 50% of the largest buyout fund managers.
"eFront Investor Cloud instantly delivers substantial value to Limited Partners," said Tarek Chouman, COO EMEA and Asia, eFront. "We are proud to have collaborated with some of the most prestigious LPs worldwide to develop this solution and thank them for the role they have and will continue to play in the future."
EIC is AltExchange-compliant and can be used by any investor anywhere, regardless of whether or not they use other eFront products such as FrontInvest. Learn more here: http://www.efront.com/efront-EIC.
eFront is a leading provider of software solutions dedicated to the financial services industry with recognized expertise in alternative investments and risk management. eFront currently serves more than 800 customers in 48 countries, including major companies in the private equity, real estate investment, banking and insurance sectors. Founded in 1999, eFront has offices in Asia, Europe, the Middle East and North America. For more information, please visit http://www.efront.com.