PROFILE Software, an international financial services solutions provider, announced today that the company with its IMSplus solution for the Insurance Industry, to effectively automate Investment Management operations, was shortlisted as “Technology firm” of the year in the MENA Insurance Awards.
The annual MENA Insurance awards recognise and reward the MENA based companies that have demonstrated exceptional customer service and innovative product development over the past 12 months. The winners will be announced on the 28th of January at a presentation ceremony at the Ritz-Carlton DIFC, Dubai.
The IMSplus Insurance Investment Management solution was shortlisted because of its rich functionality, technology advances and capability to automate the Insurance investment management processes, thus easing the pain of the CFOs.
IMSplus provides the ideal solution for in-depth investment management operations in an Insurance firm as it provides user friendly yet sophisticated tools to perform valuations, performance and risk analysis for the firm’s listed (e.g. Equities, Funds, Bonds, etc) or non-listed (e.g. Private Equities, Real Estate) investments and liquidity.
In particular, the uniquely configured STP mechanism and automation capabilities allow accounting entries generation of the invested assets following local and/or IFRS standards, single or multi currency accounting, as well as simultaneous update of the core accounting system.
The Insurance Firm benefits from the quality and timely production of reports, compliance and risk mitigation provided while achieving efficiency and desired cost reduction. Furthermore, the firm experiences productivity increase and processes’ automation, resulting to high return on investment.
IMSplus Insurance Investment Management has been selected by a number of well-known international and regional Insurance firms in Europe and the Middle East.