OMNIS INVESTMENTS goes live with LIBRIS Financial for Multi Managers London March 2009

6 April 2009

Omnis Investments went live with LIBRIS Financial Multi Manager Platform, the Investment Management platform from Exact Consultancy to support the joint venture between Octopus Investments, the award winning Specialist Products Provider, and the Openwork IFA Network.

Following the successful implementation of LIBRIS Financial in April 2008 to service the IHT, EIS, VCT and OEIC products Octopus Investments have now expanded the business supported by LIBRIS Financial to include the OMNIS joint venture. This second installation takes advantage of the Ultrasecure LIBRIS ASP platform providing fully managed hardware and hosted software environment where Exact personnel take care of all backups, data replication and disaster recovery requirements. LIBRIS Financial has been enhanced to cover all the requirements of a Multi Manager, ensuring efficient Straight Through Processing from trade input to settlement. The Multi-Manager Platform utilises the ACD hosting service from IFDS and State Street by providing two-way interfaces between the State Street Instruct platform, custodians and LIBRIS Financial. New functionality has also been added to support trading and reporting in ETF’s and derivatives.

Having been originally chosen by Octopus following a rigorous selection process that involved the assessment of numerous well established system providers LIBRIS has once again proved its inherent ability to deliver a 100% functionality fit to the latest Octopus requirements.

The LIBRIS Financial platform offers companies an opportunity to rapidly implement a solution that matches their exact processing requirements. UltraSecure web-enabled LIBRIS Financial is delivered with dealing & settlement (including Crest Interface), paper-based and electronic client reporting, custodian interfaces, performance attribution interfaces, a standard and user defined enquiry suite, including web access for clients, IFAs and trusted 3rd parties, management fees, dividends, corporate actions, CGT and General Ledger. By design, every input or enquiry screen can be tailored to each client’s specific requirements.

Octopus are an award winning Investment Management Company offering, Inheritance Tax products, Venture Capital Trusts, Enterprise investment Schemes and OEICS. Established in 2000 Octopus now have 11,000 customers, £500 Million funds under management and are doubling that every year. They have won the 2008 ‘Best Specialist Product Provider’ award, are three times winners of the National Business awards, and Best VCT Provider was shortlisted for the Company of the Year in the Customer Excellence category at the 2008 Growing Business Awards and shortlisted for three of the 2008 Investor AllStars Awards.

Paul Latham, Operations Director, Octopus said “The successful implementation of LIBRIS Financial in April has allowed us to take advantage of the systems flexibility to suit our way of working and the well defined business processes we had in place. Being able to roll LIBRIS out to support the OMNIS business stream will improve our client servicing to the high levels we have come to expect from LIBRIS and Exact.”

Paul Sinclair, Sales Director, Exact Consultancy commented, “We are delighted to support the growth of Octopus Investments. LIBRIS Financials inherent ability to be tailored for look, feel and processing has enabled us to react quickly to the Octopus requirements to match the business processes that the OMNIS business requires. We look forward to a long and mutually successful relationship with Octopus and equally, further successful implementations of Libris Financial.”

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