New York, September 16, 2016 – eFront, the leading financial software and solutions provider for managing alternative investments, has been selected by the global philanthropic venture fund, Acumen, as a one-stop solution for monitoring their investments and projects around the world.
Following an eight-month implementation project, delivered on time and to budget, Acumen now has cutting-edge customer relationship and portfolio management visibility through FrontInvest, eFront’s flagship product.
In particular, Acumen is able to automate its reporting, debt servicing and debt conversion information through one seamless interface.
Justus Kilian, Manager Post Investment at Acumen said, “For an organisation such as Acumen, efficiency of operations and accountability across our investments is essential, and eFront’s solutions will help us to continue to achieve this goal.”
Dave Cox, Chief Services Officer at eFront said, “We are delighted to have completed the implementation of eFront software for Acumen, our first North American not-for-profit client. We look forward to working with Acumen in its delivery of charitable investment programmes.”
Acumen is changing the way the world tackles poverty by investing in companies, leaders and ideas. We invest patient capital in businesses whose products and services are enabling the poor to transform their lives. Founded by Jacqueline Novogratz in 2001, Acumen has invested more than $103 million in 96 companies across Africa, Latin America, South Asia and the United States. We are also developing a global community of emerging leaders with the knowledge, skills and determination to create a more inclusive world. In 2015, Acumen was named one of Fast Company’s Top 10 Most Innovative Not-for-Profit Companies. Learn more at www.acumen.org and on Twitter @Acumen.