John Glesener, CIO and Head of Organization, highlights: “EFA has achieved a significant increase in business efficiency with the introduction of GAIN. Building on a more targeted and enhanced task handling process, exceptions can be worked off much more efficiently. Most importantly, however, the flexible rule sets, which also use benchmarks and conditional workflows, already greatly reduce unnecessary exceptions and focus our team of experts on what is really relevant.”
After the implementation of GAIN Portfolio manual exceptions were significantly reduced while quality controls have been improved. EFA now offers tailor- made NAV calculation services with the highest accessibility and data transparency. In addition, prices are consistent across all types of funds and securities and EFA can provide an improved transparency level to auditors.
According to Frederic Bilas, COO at EFA: “The new application allows EFA to further differentiate in a highly competitive market environment by being able to flexibly respond to changing client needs, allowing a high degree of customization of the NAV service and the shortest on-boarding and turnaround times in the industry.”
Furthermore due to GAIN Portfolio Pricing, policies can be accommodated per fund or per client and new services offered to provide further access and transparency on pricing policies. Overall, the costs of ownership have been lowered through use of packaged solution from AIM Software.