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London & Capital selects Kurtosys client reporting system

19 January 2010  |  951 views  |  0 Source: Kurtosys Systems

Kurtosys Systems Ltd today announced that London & Capital have selected the Kurtosys Client Reporting solution for both client portfolio valuation reports and fund factsheets.

Following a market and competitor review of client reporting standards and vendor solutions, London & Capital found that there was scope for improvement in their existing reporting systems to meet client expectations for a modern and professional wealth management service. In addition, their existing report production process was characterised as having a high level of manual intervention from both the client services team and the IT department. London & Capital therefore took the decision to initiate a project to select a web based data management and reporting solution to address these challenges. An evaluation of market leading solutions resulted in Kurtosys being selected to support their client reporting requirements.

The initial phases of the implementation will focus on the delivery of the monthly and quarterly valuation reports underpinned by the configurable data management and workflow tools that are inherent in the Kurtosys solution. This will mean that London & Capital will be in a position to deploy a reporting data architecture that is built on a consistent data model designed to meet the requirements of parameterised reporting for clients as well as data consumers within the organisation. In a later phase of the project, London & Capital will benefit from the comprehensive client communications solutions stack, provided by Kurtosys, and deploy a client interactive Portal for self service client reporting.

Cliff Warner, Operations Director at London & Capital said, "We had previously looked at both the Kurtosys and FundWorks reporting solutions in isolation. However, the result of the acquisition of FundWorks by Kurtosys provided London & Capital with the desired technical capabilities as well as access to a significant industry domain expertise that will allow us to take our business forward and deliver state of the art reporting to our clients and achieve greater operational efficiencies."

Mash Patel, CEO of Kurtosys comments, "Recently published research on the key trends for the industry suggest organisations will be focusing on business agility and operational efficiency gains to build a positive growth strategy in 2010. By selecting our solution, London & Capital will be able to enhance their client service proposition thereby retaining their existing client base and attracting new business with a competitive differentiation."

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