Wasatah Capital, a Saudi Arabian based investment company, selected the IMSplus Asset Management solution to effectively manage the full range of their fund and discretionary portfolio management operations. Following an international vendor assessment of large software providers, Wasatah chose Profile Software’s IMSplus Asset Management solution due to its advanced capabilities to provide automation of their processes, improved client service and economies of scale resulting from the cloud-based use of the system.
Established in 2007, Wasatah Capital is a closed joint stock investment company regulated by the Capital Market Authority (CMA) and authorized by the Saudi Arabian General Investment Authority (SAGIA).
Wasatah Capital will perform fund management operations and provide portfolio management services for its discretionary mandate clientele via the system’s rich functionality, implementing a complete set of front, middle and back office modules. The functions include fund accounting, performance analysis and risk metrics, fees management, portfolio modelling and rebalancing. By utilising IMSplus Asset Management, the Firm automates the processes of analysing, evaluating and reporting for its clients and funds, reducing risk due to manual-entries/human errors and having a holistic and detailed view on all the aspects of its investment management operations. Being internationally deployed, IMSplus provides the assurance of a world class asset management system for managing mission-critical processes as well as the flexibility that enables Wasatah Capital to save substantial time, provide a competitive client service and ensure accuracy in reporting for making the best informed decisions for its clients and business.
IMSplus will be accessible over cloud as it is a truly flexible and market driven solution that can be deployed according to the organization’s needs and IT strategy.