Source: Lynx Wealth Management Systems
Lynx Wealth Management Systems, the leading supplier of wealth management systems to the financial services industry, has won a contract to provide its 4Series Fund Manager software product to Guernsey-based Legis International Fund Management Limited, part of the Legis Group.
Legis has recently gained a licence from the Guernsey Financial Services Commission and had been looking to implement a scalable, quality fund management software system within a short timescale.
David Whitworth, Managing Director of Legis explains: "Our business is based on strong guiding principles of quality control and compliance, and we are taking full advantage of the 4Series software's extensive integrated fund administration and valuation capabilities - particularly the unit registration and general ledger modules - to complete transactions and processes to a high standard of quality, accuracy and automation, achieved through utilising the single common database within 4Series, negating the need to integrate separate systems.
"Automated processes, instead of manual administration, will also free up many hours of valuable time, which we can devote to building client relationships and growing new business."
"We recognise that integration is a central issue in any fund management process and 4Series enables the seamless recording and processing of investors, transactions and funds to high quality standards, to ensure processing is completed right first time. Calculating the unit prices for funds, for example, is one of the most critical tasks facing fund managers today," says John Mosedale, Managing Director for Lynx Wealth Management Systems. "Changing rules and increasingly complex calculations make the need for control and quality even more essential to minimise risk and the potential for error. Get it wrong and the consequences can be severe.
"We're confident 4Series will provide the support Legis needs from day one to achieve a quality result in an efficient manner," he says.