Vitec Aloc enters into collaboration with independent asset management client in growth
Vitec Aloc, one of the Nordic region’s leading software houses in advanced capital market solutions and provider of the PORTMAN investment management platform, has started the year strongly with the influx of several new clients. Most recently, the company has entered into an agreement with an independent asset management client with its own mutual funds and global reach.
The client, a Danish asset management company, made its choice after a thorough search of the market in relation to Vitec Aloc’s PORTMAN investment management solution. With expected growth in discretionary mandates, among other areas, in the coming years, it was especially important for the asset management company that the new solution is scalable and future-proof, and here Vitec Aloc’s market-conform platform was in a strong position. PORTMAN has a modular structure and the modules are configured on delivery, which was an important parameter for the client’s choice, along with Vitec Aloc’s market knowledge and belief that the best solutions are created through collaboration and partnerships.
Mikkel Rahbek Brunse, CEO at Vitec Aloc, welcomes the arrival of yet another ambitious client and looks forward to long-term collaboration: “We’ve had a brilliant start to the year in which we’ve welcomed several new clients, and now also a large, independent asset management client with its own mutual funds. Many of our clients buy into PORTMAN’s modular concept, as it gives them an out-of-the-box and scalable solution tailored precisely to their business needs. This, in conjunction with our being a Nordic supplier that isn’t only close to the market, but also to our clients, is most often what weighs the most in our clients’ choice of us as supplier”.
With the well-established investment management solution from Vitec Aloc, the asset management company will strengthen and standardise its middle and back office functions as well as its processes and, not least, reduce its operational risks. Among other features, the solution gives the asset management company a complete overview of its portfolios in terms of holdings, returns, exposures and risks, thus releasing time for more value-creating activities to the benefit of its clients. In addition, the solution contains several integrations, including directly to the asset management company’s ERP system and selected custodian banks. And with PORTMAN’s API, it becomes possible to create more integrations with a very short time-to-market when needed.