Gibraltar-based Helvetic Fund Administration is installing Linedata Services' back office investment management software, Icon.
Helvetic provides niche services exclusively tailored for third party mutual fund administration and accounting services.
The Icon impementation is replacing the MFact fund accounting system. Sean Gilmore, finance and operations manager, Helvetic, says: "We wanted one integrated system to reduce the risk of error and increase the efficiency of our business. Our previous system simply was not configurable enough to fulfil all our growing requirements and we were also charged on a per fund basis."