eFront, a leading software provider of financial solutions for managing alternative investments, is happy to announce another successful implementation. Belgian venture capital firm Meusinvest will be using eFront's FrontInvest solution to manage its investments.
Founded in 1985, Meusinvest's role is to aid new business development in the Province of Liege, Belgium. With assets worth more than €270 million under its management, Meusinvest has helped secure 5,000 jobs and is making a significant contribution to the region's economic development.
Meusinvest was keen to profit from eFront's experience during the deployment period. The company will use FrontInvest to handle its complex loan operations, and for the monitoring of its activities. The company was looking to promote its assets via a market solution, while at the same time improving the overall visibility of its funds and contributions. Meusinvest also required advanced reporting functionality, which it can now find in FrontInvest's strong integration with Outlook®, Word® and Excel®.
Frederic Driessens, Meusinvest's Director of Administrative Services, explains: "FrontInvest very rapidly emerged as the most effective solution for managing our four types of activities: equity investments, loans, short-term credit and leasing. The eFront team demonstrated real awareness of our issues and provided us with effective support throughout the implementation process."
Béatrice Vachonfrance, Director of Business Development, Europe, at eFront, adds: "We wanted to offer solutions to meet Meusinvest's core needs, including the control of investments, management of loans and the monitoring of due dates and reminders. We have really enjoyed working with the Meusinvest team and look forward to working on new projects together."