London | September 14, 2017 – eFront, the leading financial software and solutions provider for managing alternative investments, has been selected by one of the largest international multilateral developmental investment banks to streamline their portfolio monitoring and portfolio valuation processes.
The implementation of the eFront suite will help the Bank by providing a dedicated platform for efficient data collection using bank-specific templates via a Web-based portal into a centralized repository. Data will then be available for comprehensive analytics, performance attribution and risk assessment while offering the ability to easily define custom metrics for Credit Analysis, Covenant Processing and Probability of Default analysis.
The eFront suite will also automate portfolio analysis and valuation processes ensuring consistency and enabling more frequent and timely valuations. It will empower the diverse teams to run advanced analytics for individual investments or specific parts of the whole portfolio on an aggregated basis.
In addition to providing enhanced and flexible reporting, an integral automated workflow will streamline the complete valuation and performance measurement process improving coordination between the teams and significantly reducing administration overhead and manual intervention.
Tarek Chouman, Global Chief Operating Officer at eFront, said: “We are delighted to have been selected as the Bank’s software partner. eFront has an unrivalled experience across the alternative assets software landscape including specialist areas such as Data Collection, Portfolio Analytics and Portfolio Monitoring. Our London-based team of more than 50 industry-experts complement our industry leading solution with on-the-ground business expertise.”