3i Infotech-Framework is pleased to announce that the New York-headquartered Media Development Loan Fund (MDLF) has selected Framework to support the administration of its global loan portfolio and investors. Framework is a fully integrated, end-to-end software solution for the private equity industry.
MDLF is a mission-driven investment fund that provides low-cost capital - loans and equity investments - and technical know-how to independent news outlets in countries without a free press. Working in Africa, Asia, Latin America, Southeast Europe and the CIS, MDLF helps journalists in challenging environments build sustainable businesses around professional, responsible, quality journalism.
Prior to selecting Framework, MDLF conducted a thorough analysis of private equity software products before deciding on the Framework solution. MDLF plans to implement the full range of functionality within Framework from loan administration and financial reporting, investment monitoring and performance analysis to deal flow tracking.
Among MDLF's reasons for selecting Framework is its robust loan administration capability which will enable MDLF to significantly improve its operational efficiency. By combining a number of separate management systems into one unified system, with improved functionalities as well, Framework will provide a more robust platform for managing the continued growth of MDLF's portfolio and expansion of its operations.
Harlan Mandel, MDLF Chief Executive Officer, said, "We selected Framework because of its excellent fit to our unique business needs. In particular, Framework's robust loan administration capability and powerful reporting functionality will enable us to streamline our administration processes and provide greater transparency across the business. In the end, we anticipate that Framework will empower us to significantly improve service levels to investors."
Sanjay Tolani, Head of North American Operations for 3i Infotech - Framework, commented, "We are delighted that MDLF has chosen Framework to support their internal operations. 3i Infotech-Framework is committed to providing a superior level of personalized service to our clients in North America from our New York office. We are confident that the powerful l functionality within Framework along with the collaborative approach of our experienced team will provide MDLF with the means to achieve their goals."