African Alliance has a footprint across 15 countries in Africa, meeting the investment banking needs of its clients by drawing on its collective skills and experience in asset management, debt origination, corporate finance, stock broking, research, private equity, third-party administration, low-cost housing investments, energy, minerals, and real estate. The group plans on growing its real estate and private equity divisions in the future and needed a single Web 2.0 solution for direct private equity and direct real-estate investments to support and federate teams based in several different countries.
African Alliance was looking for already successfully implemented solutions. They required a software solution that could integrate a large range of business functionalities including deal-flow management, portfolio management, and accounting- all supporting private equity and real estate assets. FrontInvest proved to be the best Web-based solution to streamline investments through an integrated platform for front-, middle-, and back-office operations across the alternative asset industry. African Alliance also needed a flexible solution, easy to deploy and ready to use across its various offices.
âeFrontâs Web-based solution will allow the organization to improve collaborative productivity. We decided to select eFront as the company offers an integrated solution providing front-, middle- and back-office support,â said Ulrike Engling, Private Equity Fund Manager at African Alliance. âFrontInvest was clearly the only solution to answer our specific needs, such as multi-alternative assets coverage and providing a user-friendly Web 2.0 interface for remote teams.â
âAfrican Alliance is a significant success for us in Africa,â said Jean-Philippe Gireaud, Area Sales Manager at eFront. âAs the leading provider in this continent, we are in a strong position to address the current market expectations for an integrated front-to-back private equity portfolio management system. Our strong commitment to African clients, coupled with innovative solutions, naturally positions us as the solution of choice. African Alliance, a major player in Africa, is guided by transparency and quality and weâre very proud to welcome the company among our clients.â