French credit house Socram licenses Misys Almonde
21 January 2008 | 3012 views | 0
Misys plc (FTSE: MSY.L), the global application software and services company, today announces that Socram, one of the foremost French credit houses, has selected Misys Almonde to manage and improve the quality of their Asset and Liability Management (ALM) reporting.
Socram is a new customer for Misys, which the credit house chose over other vendors for its track record and experience. The selection process began in April 2007 with preliminary investigation and requirements definition and a detailed workshop at the end of July, in which the superiority of the Misys Almonde ALM solution was demonstrated.
Mr Thierry Jollivet, Director at Socram comments, "We needed a scaleable solution that would be able to match our expansion plans. Misys Almonde is the most functionally advanced solution available and meets our technical and business objectives well. Implementation has begun and we look forward to benefiting from it as we continue to enhance our operations and deliver value to our customers."
Trevor Holford, Product Manager, Misys Almonde, adds, "Our team of professional services experts were able to respond very rapidly to the requirements of the bank and are already on site helping the bank implement the solution, ensuring that it is integrated seamlessly with the internal systems. Our intuitive and user-friendly solution will make sure that the bank continues with its growth plans safe in the knowledge that it is being served by the best ALM solution on the market."