February 10, 2006
Investments for individuals, though commonly assumed to be fairly simple, in reality requires expert advice, focused attention and a thorough understanding of financial markets. With the Indian capital markets scaling new heights there is a lot of interest by retail investors who would like a piece of the action and benefit from the returns. This has created a large opportunity for specialised service-providers to offer personalised and tailor-made investment management solutions. Many players are now offering wealth management and PMS services in an attempt to win over some of these individuals as clients.
With the increased number of players, each investments service-provider has to differentiate themselves from competition by offering:
high quality investment advice ensuring superior returns
Customised investment solutions e.g. creation of hybrid portfolios to fulfill specific customer needs.
personalised and timely service
But the lack of a comprehensive, scalable software solution could become a bottle-neck for any service-provider who is scaling up operations to meet growing business demand.
Credence Analytics, a market leader in investments, treasury and risk management software solutions for the banking and financial services segment has understood the need for a comprehensive, scalable and flexible business solution to address the complete business requirements of such investments service-providers.
With the domain expertise & knowledge of the capital markets and experience of implementing investment and treasury management solutions at over 50 client sites, Credence Analytics has developed a complete business solution for PMS service providers offering discretionary / non- discretionary and advisory services for its clients.
Credence Analytics is proud to introduce 'Credence iDEAL â PMS' which is miles ahead of any existing PMS solution in the market. Credence iDEAL-PMS was developed based on expert inputs from many market players and on the findings from a study of the gaps in the current solutions in the market.
1. Comprehensive asset class coverage: equity, debt, MFs, ULIPs, derivatives (equity & debt), FDs, etc.
* End-to-end operational support e.g. STP interface for equity trades
2. Flexibility to tailor products : facility to combine multiple model portfolios to structure new products
3. Capability to deploy the solution over internet and intranet for access by relationship managers and clients
4. Comprehensive tools and reports for performance tracking
* Flexible fee management module : flat fee , profit sharing, transaction based fee calculations
* Client reporting : multiple report formats including email/ pdf/ html/ xml
* RM performance tracker : by business generated / AUM
5. Flexible reporting tools
* standard set of in-built analytical reports
* inbuilt report designer
* export to MS-Excel facility
6. Client servicing tools (optional)
* personalised SMS alerts
* automated email updates
* market newsletter service
Credence iDEALâPMS has already got a stamp of approval from leading names in the industry like ING Vysya MF, Standard Chartered MF and Societe Generale Private Banking.