(Image source: Pixabay.)
Intermediate Capital Group (ICG) a London-based specialist asset and fund manager with over £37 billion in assets under management, has deployed Vitech Systems Group’s (New York) V3 solution. Vitech is a provider of administration software to insurance, retirement and investment organizations that provides its clients with proprietary enterprise software, related implementation services and ongoing support.
By deploying V3, ICG has automated and streamlined important aspects of its loan and mezzanine fund business lines, according to a Vitech statement. For ICG’s loan business, V3 improves the efficiency of deal and deal participants set up, deal cash flow and borrower transaction tracking, interest calculation and participants notice generation, the vendor claims. For ICG’s mezzanine fund team, V3 automates the valuation process and generates various portfolio position reports with just a few clicks, according to Vitech.
“V3 gives investment management firms a more effective way to engage with their data and the efficiency gained through automation drives competitive edge in the market,” comments Hope Nawada, Senior Director of Investment Solutions, Vitech.