ABSA implements Microgen Interlink
Cape Town - 13 July 2010
Microgen (South Africa) Limited today announced that ABSA Multi Management has gone live with Microgen Interlink, its investment administration solution. ABSA Multi Management offers its clients a variety of investment products and has deployed Microgen Interlink as an operational platform to allow it to effectively report on and utilise the relevant investment portfolios for its clients.
Microgen Interlink equips organisations with unique levels of investment control and functionality that will support ABSA’s focus on transparent and innovative services that reinforce risk management and good governance. Through fast tracked and easy product modelling ASBA Multi Management will be able to quickly deploy investment strategies and automate the allocation of cash & unit transactions. This will allow its clients to capitalise on new investment opportunities. The active management functionality of Microgen Interlink automates tasks, minimises any potential error caused by manual intervention and offers comprehensive compliance and performance reports.
Improved audit tracking and workflow throughout Interlink increases financial transparency for improved control. This in turn allows for enhanced customer service through agile reporting and flexibility in fee structure. Microgen Interlink is the preferred investment administration solution and is currently used by South Africa’s leading Multi-Managers, Fund of Funds and Pooled Pension providers.
“The South African investment market is intensely competitive, meaning that leading players demand a robust technology platform to meet their needs,” said Chris Myrtle, General Manager, Microgen (South Africa) Limited. “ASBA’s adoption of Interlink provides it with the control, efficiency and reporting that it needs to drive forward continued success.”