Advent Software says Beltone Asset Management has bought Advent’s Axys portfolio management and accounting solution.
“With our business levels increasing we were experiencing difficulties with our data entry processes and were keen to increase the levels of automation in our investment operations,” explains Karim Eweiss, CFO Beltone Asset Management. “We also wanted to provide a superior service to our clients by enhancing our client reporting capabilities. We were impressed with Advent’s approach and their understanding of our issues, and they clearly demonstrated how the capabilities of Axys would meet all our requirements. This is important to us, as a key component of our strategy is to grow our business without significantly increasing our costs.”
Beltone Asset Management is a fund manager operating in Egypt, Saudi Arabia and the US, specialising in fixed income and equity products, structuring and managing savings and pension plans, endowment funds, money market and fixed income mutual funds.
Axys is an accounting and reporting system.
“Beltone Asset Management is a significant client for us as we expand our operations into the Middle East and further demonstrates the flexibility and capability of our solutions to operate on the global stage,” says Hakan Valberg, General Manager EMEA. “We are pleased to welcome Beltone into the growing list of EMEA clients and look forward to a long term working partnership with them.”