FundWorks SA is pleased to announce that Prudential Portfolio Managers (South Africa) (Pty) Ltd ("Prudential") based in Cape Town has licensed and will be implementing FundReports, FundWorks' Enterprise Client Communications and Reporting platform.
Prudential will use FundReports in its South African operation (which was founded in 1994) for the production of Daily, Monthly, Quarterly and Ad Hoc Client Reports for its institutional and retail clients.
Prudential is currently investing significantly in technology to make operational functions more efficient and effective and has identified the need for a new client reporting solution.
Grant Speirs, Finance Director of Prudential said, "FundReports was chosen to provide automated, high quality, consistent reporting to clients both external and internal as the reporting responsibility is currently split across a number of different departments and systems. We are looking to FundWorks to help improve and streamline this process."
Bradley Mehl, Director of FundWorks SA said, "The association with Prudential is fantastic news for the SA operation as it means that yet another well-respected South African asset management firm has chosen FundReports. FundWorks SA will continue to market FundReports to the asset management community and has localised the licensing and implementation model to aggressively capture this market."