FrontInvest, the preferred solution for European PE Fund Administration

12 March 2010

A recent Ernst & Young survey mentions FrontInvest as the preferred Private Equity software solution among European fund administrators. With a market share of 28%, eFront’s flagship solution is the leading European solution.

The survey is the first of a series of periodic reports on the European Private Equity fund administration market. Its objectives are to get an insight into the issues facing Private Equity fund administrators and to identify emerging trends.

The advisory firm demonstrates a clear commitment from the market to move away from spreadsheet-based activity towards the use of dedicated Private Equity systems. Over 75% of respondents have implemented specialised software or are currently implementing one to support their administration business.

eFront has been addressing the European fund administration market with the clear objective to meet the demanding needs of the marketplace. In this increasingly complex and competitive sector, fully integrated information and accounting systems make a real difference. FrontInvest is specifically tailored to meet the needs of today’s alternative asset fund administrators, managing multiple asset classes and structures through seamless process-driven technology while also addressing operational risk, audit and compliance issues.

It provides the necessary customisation to meet the constantly changing demands of different fund managers. FrontInvest offers comprehensive fund accounting, sophisticated reporting, audit and compliance features.

Laurent Bréboin, COO, eFront, comments: « The ability of FrontInvest to easily integrate within a fund administration organisation, with its wide functional reach, positions us as the ideal solution. Private Equity fund administrators are today looking for tools that help them automate their accounting requirements, quickly and easily generate reports for their clients and integrate audit, regulatory compliance as well as risk management capabilities. Our clients are seeking tools that will secure their activity and that are also scalable and flexible in order to address their needs and the growing volume of information.”

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