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Skandia Fonder implements eFront Invest within only 4 weeks
Paris, July 8, 2019 – eFront, the world’s leading alternative investment management software and solutions provider, announced today that Skandia Fonder, a Swedish mutual fund company, has successfully implemented eFront Invest to centralize and automate its back-office operations and investor reporting.
The adoption of eFront Invest has allowed Skandia Fonder to increase security through dual control, automate both the data entry and tracking of crucial investment data, enhance reporting capabilities, and free up key personnel to focus on more strategic activities.
Benefiting from a seamless onboarding process of only 23 days, Skandia Fonder has taken advantage of eFront’s “out-of-the-box” solutions in order to improve productivity and gain greater flexibility. With the ability to provide consistent, high-quality data, the selected modules are designed to better manage investments, generate more powerful reports, and improve the tracking of investor activity.
Tommy Persson Levin, CFO and Portfolio Manager at Skandia Fonder AB, commented, “We knew that eFront Invest was a powerful tool that could fulfill all our needs, which has been confirmed with the great results we have achieved since its adoption. We now have a much better layout and flexibility, while the implementation was a really quick and smooth process. We were impressed with eFront’s professionalism, extensive industry knowledge, and support during the project.”
Philippe Verboogen, EMEA Managing Director at eFront, added, “We are pleased that Skandia Fonder has chosen eFront Invest for the administration of their alternative investment funds. By selecting our out-of-the-box solution and adhering to the suggested best practices, the company has really benefited from the fast implementation time and has experienced immediate results in such crucial facets of its operations.”
About Skandia Fonder AB
Skandia Fonder AB is a Swedish mutual fund company with a total AuM of around 9 billion EUR. Skandia Fonder manages both UCITS funds and Alternative Investment Funds in Sweden and Luxembourg. It conducts its business in a responsible manner to ensure good returns and to contribute to sustainable value creation.
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ABOUT ALADDIN
Aladdin® is a technology platform used by asset managers and owners including banks, financial institutions, pensions, corporations, insurers, and wealth managers. The Aladdin platform unifies the investment management process, providing a common data language within an organization to enable scale, provide insights, and support business transformation. Through eFront® technology, alternative investment data management is covered to meet the needs of alternative investment professionals worldwide and across all major alternative asset classes. From fundraising, fund administration and reporting to data services and analytics, the platform provides capabilities to support decision making and investment oversight.
Aladdin® and eFront® platforms bring together public and private asset class data to create an industry-recognized whole portfolio solution for investment professionals globally. Find out more at www.blackrock.com/aladdin | request@blackrock.com
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