| Mumbai,
October 2008: FinEng Solutions
announced today that Birla Mutual Fund, one of their
oldest clients, recently upgraded to the latest Version
4 of Quantis, thereby becoming the first of the existing
clients to go live with new version. In the process,
they also selected the Equity and Cash Management
modules of Quantis to replace their respective legacy
systems. Traditionally, they had been only using the
debt module of Quantis and two different applications
for equity and cash management. With these new developments,
they will be now using Quantis, end to end, for their
overall investment management process.
The end to end usage will also give Birla Sun Life
AMC the much required comfort level in overall compliance
adherence since the whole exposure will be monitored
through one single application, thereby reducing any
kind of manual dependency in limits monitoring. The
new cash management module will also give them an
edge for monitoring the overall cash positions on
a real time basis, aiding swift decision making and
improved operational efficiency.
Speaking on the occasion Anish Chandra,
Head – Quantis commented “Birla Mutual
Fund’s decision to replace their existing applications
and use Quantis as an end-to-end solution speaks of
the comfort they have in our application."
|
