Wealth Management Software has won two new contracts with UK-based Homeowners Friendly Society and Gerrads Private Bank on the Isle of Man for its Lisa fund administration system.
Homeowners Friendly Society, which has 190,000 members, will use Lisa to administer all of its ISA and PEP business. The contract is valued at £410,000 including a £250,000 licence fee.
Gerrards Private Bank on the Isle of Man, a subsidiary of Old Mutual, has placed a £92,000 order for the system. Lisa will integrate all its current multiple client reports into a single client pack, which will be stored in Lisa’s document warehouse and provide a browser-based retrieval system.
Paul Newton, chief executive of Wealth Management Software, comments: "These two further orders reflect the greater demand we are experiencing for Lisa this year. This brings the total orders for Lisa to be booked for FY02 to five following on from the £500,000 Cofunds licence, the £410,000 Teather and Greenwood contract, and the £249,000 Goy Harris Cartwright contract."