Bharti AXA live with Credence investment management system
Credence Analytics (India) Pvt. Limited, a leading provider of Fund and Investment Management solutions today announced the implementation of its Investment Management System - Credence iDEAL Funds - at Bharti AXA Life Insurance Company, a joint venture between Bharti, one of India's leading business houses with interests in telecom, agribusiness, insurance and retail, and AXA, world leader in financial protection.
0
External
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Speaking on the occasion, Mr. C. K. Guruprasad, Director - Marketing of Credence Analytics said, "Bharti AXA Life is an important addition to our prestigious list of life insurance clientele that includes Aviva, Tata AIG, Reliance Life and LIC. The implementation exercise at Bharti AXA Life is a benchmark for us, given that the solution was successfully launched at the company within a record 'four months' time. We would thus like to replicate this approach at our other client sites to deliver robust solutions in the shortest time possible."
Mr. Abhijit Gulanikar, Chief Investment Officer of Bharti AXA Life said, "The implementation of this investment management solution within the very first year of operations is in line with our focus of providing a strong foundation to build our investment capabilities and thereby offer value to our growing customer base. I am confident that, with their pedigree of existing credible client installations and strong implementation and support experience, Credence will enable us achieve a competitive edge through excellence in investment operations."
Credence iDEAL Funds is a multi-currency integrated funds management solution designed to automate the complete investment management operations of an asset management company. It's an end-to-end portfolio management and transaction processing system right from pre-deal analytics, order management, deal capture, position management, valuation, bank account management, reconciliation, accounting to NAV generation. It also has a powerful risk management module for maintaining limits and exposures tracking for regulatory and internal compliance.
While on the one hand Credence iDEAL Funds caters to the fund and risk management functions of an asset management business, on the other hand, it also provides an ideal platform for efficient daily operations. The solution enables tracking of existing portfolios, plan fresh investments, manage orders and trades. In addition, it provides the facility to track the trades from a compliance perspective on a real-time basis through online messages and exception reporting.