QUANTIS, Linedataâs first Hungarian based asset management client, needed an integrated, comprehensive system that could handle rapid growth and be compliant with Hungarian regulations requiring auditable fund management software. The announcement was made today from Linedata Exchange, an investment management industry summit for front to back office asset management professionals hosted by Linedata in which QUANTIS is participating.
âLinedata offered a single-vendor, front-to-back office solution which has been recognised as an industry standard within Hungary by a leading global audit firm earlier this year, this was very attractive to us,â said Ãkos SÃ¡rÃ¡ndi, CEO of QUANTIS. âOur AUM has doubled over the past year and we expect extraordinary growth in the near future both locally and regionally. We needed a way to confidently automate our workflows and be compliant with Hungarian fund accounting regulations. Linedata gave us the scalable technology, the partnership and the expertise that we needed, making us confident that our funds are positioned for further growth.â
The strategic implementation will manage QUANTISâ day-to-day trading, portfolio management and order management through to fund accounting post-settlement.
âWe are helping QUANTIS provide an unrivalled level of confidence to investors with our audited solution in Hungary, and one that spans the entire investment cycle,â said Mike de Verteuil, Linedataâs Group Business Development Director. âIn addition to reducing operational risk and controlling overhead, we are giving QUANTIS a real differentiator in the market, which is going to help drive growth, attract significant new investment and continue its impressive growth.â