eFront, a leading software provider of financial solutions for managing alternative investments, has announced that responsAbility Investments AG, a global leader in development investments, has chosen eFront’s FrontPM portfolio monitoring solution. FrontPM streamlines and automates the collecting of portfolio company data. For responsAbility, the eFront solution will allow the firm to grow efficiently while providing exceptional management for businesses and other assets in developing economies.

responsAbility Investments is one of the world’s leading asset manager in the field of development investments and offers professionally managed investment solutions to both private and institutional investors. The company supplies debt and equity financing to non-listed companies in emerging economies and developing countries. With current investments in more than 530 companies across 93 countries, and more investment activity planned for the future, collecting financial and management data was becoming more and more of a challenge. The company needed a solution to help them streamline and centralize that data capture, as well as management information (MI) reporting.

They chose eFront’s FrontPM solution to replace all of the company’s monitoring spreadsheets and centralize all data capture. FrontPM is designed for direct investment managers and private equity general partners to efficiently analyse the performance of their portfolio companies with power and flexibility. It builds on and expands the capabilities of Microsoft Excel™ for gathering financial data from disparate sources and generating reports. It also features a centralized and auditable back-end for aggregating performance data and calculating key performance indicators.

“A key factor in our decision to partner with eFront was the ability of the FrontPM solution to scale-up,” explained Marco Althaus, Business Analyst, Equity, responsAbility Investments. “It will allow us to significantly increase the number of portfolio companies we can manage, which will help us drive economic growth and social progress in developing economies around the world.”

“The development-related benefits offered by responsAbility Investments and their successful performance drives the growth of many companies,” commented Tarek Chouman, Chief Operating Officer, EMEA & Asia for eFront. “We are very happy to service such a recognized company with a strong environmentally and socially responsible way of conducting business. Their team is spread between their Zurich and Mumbai offices, so our local teams in Europe and Asia will ensure they have all the support they need.”