SAGE introduces its new suite of Prospero solutions at MEFTEC 2011

30 May 2011

Founded in Switzerland in 1986, SAGE was among the pioneers in financial software. Very early, it spotted sustained demand for cost-effective, flexible and reliable financial software. Putting users and their business requirements first led SAGE to develop Prospero which is a modular, integrated system packed with easy-to-use features that fills the needs of the buy-side and sell-side global financial communities.

Soon after releasing Prospero, SAGE was identified as a serious new player in the industry, thanks to its unique combination of business knowledge with technological skills. Today, SAGE’s client base consists of huge international corporations. From its regional office in Dubai, SAGE is dedicated to better service their clients and grow their presence in the GCC. Indeed, major clients in the region already include the likes of Global Investment House and Abu Dhabi Commercial Bank.

Prospero introduces a suite of targeted solutions

This week, Fernand Rasetti, Chief Operating Officer of SAGE is present at MEFTEC, the Middle East’s Financial Technology Market, in Abu Dhabi to share the latest developments to Prospero: the creation of 6 distinct Prospero solutions, each offering features tailored to specific segments of the financial industry. The solutions cover all aspects of financial operations: Wealth Management, Asset Management, Fund Administration, Independent Asset Managers/Family Office, Trading, and Portfolio Optimization.

The development of a suite of solutions is part of a broader strategy that is allowing SAGE to stay competitive and nimble in the increasingly complex yet cost-restricted universe of financial software. The key to Prospero’s suite of solutions is that it is robust and scalable. The installation of Prospero solutions may be simple and quick, but Prospero manages all types of products from the simplest to the most complex.

Any solution from Prospero’s suite of solutions can be implemented separately or as an integrated whole. Clients who cannot invest to set up their own hardware and data bank can access any functionality of Prospero as a tactical or strategic solution hosted by SAGE in its own highly secure data centre. Result: the client is billed only by the number of users and for the features used! This model is unique in the financial industry as there is no need to install the whole system: just plug it in to the existing system. With this latest option, the new suite of offerings is far more accessible to start-up companies and small-to-medium sized financial organizations. It is also in tune with the financial restrictions faced by IT departments across the industry – leaving SAGE and Prospero well poised for the future.

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