Having one single dedicated system allows us to manage both our unit linked funds and portfolio bonds while streamlining our business processes and providing a better user experience. The Invest|Pro™ system delivers an integrated asset and fund management system. The team at FRS are dedicated specialists in this area. We look forward to a long and rewarding relationship.
The Hawthorn Life investment administration delivery is a landmark in a new era of cloud based computing. Capita, working with FRS, is leading this industry and is proud of the delivery of this ambitious project.
FRS’s unrivalled experience in the life assurance investment administration space is reflected in its Invest|Pro™ system. The broad range of functionality it provides for both unitised funds and portfolio bond administration is unique, and has hugely benefitted our business operationally. Given the number of life assurance companies we integrate into LCL international, having the ability to manage our own data migrations is a huge advantage to us. The integrated dealing platform which is part of the latest release is helping us further improve straight-through-processing, making our processes even more coordinated than before.
Investment administration operations have changed so much over the years and our legacy systems were old and unable to provide the functionality we required. We chose Invest|Pro™ to automate and consolidate our administration functions and the 35% cost savings and efficiencies that have resulted have been exceptional. These efficiencies have also allowed us to provide our clients with better service and products – which is where our core competencies lie.
Through our adoption of InvestGRC™ being able to view and report on our investments and funds not only helps us meet our regulatory requirements but also benefits our overall business – and we have been able to do this quickly, efficiently and at minimal cost to our business. The process of adopting the software from FRS was seamless and efficient, which means that we are now 15 months ahead of our regulatory deadline and can concentrate on our main business of serving our clients.
Working with FRS and their technology allowed Investors Trust Assurance to launch a successful portfolio bond into the market securely and in a short period of time. This offering is currently being scaled in several markets, which is one of the many benefits of the technology solutions that they provide. Working with the team at FRS helped us benefit from their experience and knowledge of the life assurance industry and we look forward to a long relationship into the future.
Invest|Pro™ provides a robust solution to manage Mobius Life pension scheme investments into our unit linked funds and onwards to the investment markets. Invest|Pro™ adds significant tangible value through increased automation and control.
Having one dedicated system to manage everything around our unit-linked business is a real step forward in terms of efficiency. Invest|Pro™ from FRS will also give us the opportunity to continue to scale our business efficiently as many activities will now be completely automated. The Invest|Pro™ system is delivering exactly what we need and the specialist experience of the team at FRS is impressive.
Prior to the implementation of Invest|Pro™ the preparation of a set of investment accounts from multiple different systems was quite inefficient. Having a single database of investment transactions and a single Invest|Pro™ general ledger from which to extract a trial balance has significantly reduced timescales and greatly improved the robustness of the process. Invest|Pro™ has completely transformed our operations.
InvestGRC™ will enable us to meet our Solvency II investment reporting requirements in an easy-to-use format. The cloud-based solution is easy to deploy so there is minimum disruption for the team yet maximum benefit for the business. Both the technical and the actuarial teams at FRS really understand our business and the impact of Solvency II on our operations which should contribute to a smooth implementation.
The team from Financial Risk solutions did an excellent job implementing Invest|Pro™, their industry knowledge added hugely to the project. The system has made a significant improvement to our entire investment administration department by increasing controls, improving processing times and facilitating significant scalability. Invest|Pro™ has been very well received by users and management.