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EFront launches new portfolio management tools

25 February 2014  |  966 views  |  0 Source: eFront

eFront, a leading software provider of financial solutions for managing alternative investments, is pleased to announce the availability of its newest product for direct investment managers, FrontPM.

The new product offers an unprecedented set of portfolio monitoring and analysis capabilities that will streamline and automate the gathering of portfolio company data while enabling sophisticated performance analysis and reporting.

Investment managers will realize many benefits with FrontPM. They will be able to dedicate more time to portfolio analysis and to more quickly perform tasks such as responding to investor inquiries and generating quarterly reports. They will produce more accurate reports and streamline the portfolio company valuation process while spending less time troubleshooting and auditing their analyses. And, managers can enable their investors to easily receive and incorporate FrontPM output by generating AltExchange documents, the industry standard for sharing private equity investment information.

Many teams will enjoy these benefits including middle office analysts, deal team professionals, the investment committee, investor relations and fundraising personnel.

"eFront has a rich history of innovating and bringing exciting new products to the market. FrontPM is wonderful example of this," explained Olivier Dellenbach, CEO at eFront. "The private equity and alternative investment community has long needed a product to solve the challenges related to portfolio monitoring and portfolio company reporting. Clients are already transitioning their current portfolio monitoring processes to FrontPM from disparate spreadsheets."

Many managers are forced to link or paste figures across differently formatted spreadsheets due to a lack of a centralized data source. This frequently leads to problems with data quality, accuracy, and information reconciliation.

FrontPM was designed from scratch to streamline or replace these labor-intensive and error-prone tasks. The product automates the collection of data in a single database with a configurable calculation engine to facilitate the analysis of both standard and custom performance metrics.

FrontPM is extremely flexible. Its deep integration with Microsoft Excel™ enables professionals to continue using Excel while enhancing auditability. FrontPM-built Excel reports provide full calculation and source traceability with a single click. FrontPM can be used as a standalone solution, deployed on premise or hosted in the cloud. It is the only portfolio monitoring software that is integrated out-of-the-box to FrontInvest and AnalytX PEO, the market's leading front-to-back office product suites for managing alternative investments. It can also integrate with other fund management and accounting solutions through configurable interfaces.

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