EFront, a leading software provider of financial solutions for managing alternative investments, is pleased to announce that Industry Funds Management (IFM), a world-leading Australian investment manager, has selected eFront's analytics and cash flow forecasting module to enhance its investment management processes in Private Equity.
IFM has $46 billion in funds under management across four asset classes in three of the world's largest pension markets.
FrontInvest Portfolio Analytics will allow IFM to generate sophisticated alternative asset reports at the touch of a button. FrontInvest Cash Flow Forecasting will give IFM the means to model the timing of cash flows and undertake detailed sensitivity analysis to optimize portfolio management and simulate performance projections.
"Our extensive volume of investment data required a sophisticated solution to facilitate detailed interrogation, analysis and reporting," commented Steven Lipchin, IFM's Head of Private Equity. "eFront's analytics and cash flow forecasting modules will enable the Private Equity team to more efficiently utilize data within our portfolio management capabilities."
According to Oliver Johnson, eFront Sales Director, SEA & Australia, "We couldn't be more pleased to have IFM as a client. The alternative investment markets in Australia and New Zealand are active and growing, which is why we expanded our local support and professional services capabilities by opening our Sydney office. We look forward to working closely with IFM and other firms in the region."