EuroMena realizes large efficiency gains with eFront Invest

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July 24 , 2017 | Posted by eFront Solutions |

EuroMena realizes large efficiency gains with eFront Invest

Dubai, Beirut | July 21, 2017 – eFront, the leading financial software and solutions provider for managing alternative investments, today announces that EuroMena, a Lebanon based Fund Manager, has adopted eFront Invest solution to support its continued growth in the MENA (Middle East and North Africa) region. The solution enables EuroMena to streamline internal information flows, optimize processes and centralize the internal database, so that teams can better focus on more value-added investment and portfolio management activities.

With the support of the local eFront implementation team, EuroMena was able to use the platform autonomously within a very short period of time. The eFront Invest capabilities that EuroMena uses include deal flow, portfolio management, cashflow management, fund accounting, reporting and dashboards, all integrated under one platform. EuroMena’s plans for the future focus on delivering an improved reporting experience to their investors, via the diverse set of tools that the platform offers.

By consolidating current systems and streamlining manual processes thanks to the sophisticated end-to-end eFront solution suite, EuroMena is able to operate its business more efficiently and realize significant productivity gains.

Paul Khoury, Partner at EuroMena, mentioned on the occasion “As one of the leading fund managers of the MENA region, EuroMena constantly pursues to integrate the best-in-class solutions to its fund management business in order to optimize the team’s efficiency. We are looking forward on working with the eFront team and meeting the eFront global community.”

Hassam El-Shoura, eFront’s Head of Account Management for Middle East said, “We are happy to welcome EuroMena into the eFront family of clients. Middle East is a strategic market for eFront and with strengthening our local presence, we look forward to a long and successful partnership with EuroMena.”

About EuroMena
The EuroMena Fund Management Team has raised more than USD 350 million to date from prominent investors, and has closed more than 25 investments and divestments, within its target region. In June 2016, the Group completed the closing of its third fund, EuroMena III, for a total of USD 150 million, backed by commitments of top tier European institutions such as the European Investment Bank (EIB), the French Public Wealth Funds (Proparco), and the UK’s Development Finance Institution (CDC Group), the International Finance Corporation (IFC), The German Investment and Development Corporation (DEG), as well as high net worth individuals, and family offices. EuroMena III’s mission is to invest in high growth local companies in the Middle East, North Africa and Sub-Saharan Africa, turn them into Regional Leading Groups, and prepare them for a profitable exit within a timeframe of 3-5 years. In addition, The EuroMena Funds are planning on launching a Levant SME Fund and a MEA Debt Fund within the coming 6 months.