Profile Software, an international financial solutions provider, announced today that Wasatah Capital, a Saudi Arabia based investment company, selected the IMSplus Asset Management solution to effectively manage the full range of their fund and discretionary portfolio management operations.

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).

Following an international vendor assessment of large software providers, the Investment firm selected 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.

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 that will be installed include fund accounting, performance analysis and risk metrics, fees management, portfolio modelling and rebalancing. By utilising IMSplus Asset Management, the Firm will automate 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 will enable 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. Wasatah Capital is also considering extending the services offered by implementing the IMSplus Mobility and Web access solutions.

Profile Software’s solutions are getting highly recognised and are making a strong impact in the international and regional markets, resulting to a growing number of opportunities, new installations and references. Profile Software’s Regional Office in the area has also signed up new business in the wider region of growth plan within the Middle East and Africa markets for the IMSplus solution, creating a significant momentum in the area for IMSplus’ capabilities to reliably deliver to the local Banking, Financial Services and Insurance firms’ needs.