UK brokerage Man Group is to install Stockholm-based Frango's online corporate performance management software.
Man will deliver the system to up to 200 staff over the Internet. Implementation is set to start this month at Man Investments, the group's asset management division.
The system will also provide Man with the level of control and visibility necessary to meet International Financial Reporting Standards (IFRS).
Ian Inglis, managing director for Frango UK, says consolidation and planning are the key components of any effective CPM system: "Our suite offers these two elements and in addition offers a widely accepted and industry standard set of reporting and monitoring tools which will support Man Group's business performance."