London/Ghent, 20 February 2006 - Financial Architects (FinArch), international provider of Finance Resource Planning (FRP) platform for the finance industry, today announced that Saad Financial Services SA (SFS.SA) in Geneva has signed an agreement to license Financial Studio for Accounting sub-ledger and MIS, including Profitability, Budgeting & Control modules.
SFS.SA is a service provider to investment companies in the SAAD Group. Financial Studio will be set up to interface with SFS.SA’s back-office application, accounting and reporting software. Market prices will be taken from Reuters via a direct feed, thus enabling to revalue and analyse portfolio performance in real time as well as provide key financial and management information. Financial Studio will provide a platform upon which management can make better informed decisions and facilitate growth through enhanced analysis of financial data and identification of performance attribution.
According to SFS.SA: “The management had been evaluating possible solutions for nearly 2 years and found that Financial Studio from FinArch was the application and the vendor they trusted to deliver a platform that not only meets their needs now but also has the capacity to fulfil future requirements.”
Dirk De Beule, Managing Director FinArch comments: “We are delighted to have signed such a prestigious company as SFS.SA in Switzerland, which is a new market for us. We look forward to delivering a high quality product and project value, and to a long and expanding relationship with the SAAD Group”.