NorthPoint, a premier provider of software solutions and IT consulting services for buy-side financial services firms, announced continued expansion of their client base with the addition of five new customers in July.
With the onboarding of these new clients, NorthPoint currently services over 50 of the world's leading Hedge Funds, Asset Managers, and Service Providers.
"Our clients see an increasing importance of operational systems and processes to help build their businesses, create stronger relationships with investors, maintain compliance, and enhance internal controls," said Joseph Amarante, NorthPoint Managing Partner. "In addition, when done correctly, there are opportunities for managers to enable greater transparency, improve decision making, and drive more efficiency in their business."
NorthPoint's work helps clients address a wide spectrum of these goals. The solutions being implemented include the NorthPoint Enterprise Portfolio Management system, the NorthPoint Form PF Solution, the NorthPoint Security Master, the NorthPoint Trade Entry and Allocations Engine, as well as the development of a custom Loan Management and Reporting Platform.
New clients pointed to several key differentiators in selecting NorthPoint, including the need to partner with an organization that can quickly deliver a proven solution to meet their pressing deadlines. NorthPoint's ability to understand a fund's business and seamlessly architect a proprietary system was also critical. In one case, after an extensive vendor audit, the fund chose NorthPoint because of the solution's flexibility and scalability- tailored to fit their short- and long-term goals.
"NorthPoint is proud to partner with these impressive clients and is committed to providing them with a coherent, customized, and comprehensive approach to build enterprise solutions that is critical in aiding their fund performance and growth," added Glen Froio, NorthPoint President and CEO.