Dubai, Riyadh | October 3, 2017 – eFront, the leading financial software and solutions provider for managing alternative investments, announces today that Malaz Capital, a Saudi asset manager, has successfully implemented the eFront Invest solution.
The implementation of the eFront suite will help Malaz Capital automate its operational processes, reduce complexity, and thus improve overall efficiency. In addition, thanks to its user-friendly and flexible technology, eFront Invest will provide Malaz Capital with full financial reporting, customized to their special needs and requirements.
The eFront Invest capabilities that Malaz Capital uses include Portfolio management, Fund & Investor management, CRM, Fund accounting and Reporting, all integrated under one platform. Malaz Capital is now planning to extend usage by adding more front and back office modules and new fund structures.
Malik Al Zyadat, Head of Operations at Malaz Capital commented, “Our quest for the installation of eFront Invest was to automate all of our back office operations and promote professionalism and efficiency in all of our work processes. We trust in the effectiveness of the eFront system and its leading role in keeping up with all of our financial reporting needs. We will strive to work together to reach the highest level of success.”
Hassam El-Shoura, Head of Account Management for Middle East at eFront said “We are delighted to see Malaz Capital going live with the eFront Invest solution. Malaz’s successful deployment is a strong testament to our system’s ability to support Investment Managers growth ambitions by removing operational complexity and the associated risk and costs.”