CNP Cyprus chooses IMSplus for asset management
CNP Cyprus insurance holdings has chosen Profile Software’s IMSplus solution to manage its assets and fund management requirements to achieve “operational efficiency”.
After an international evaluation process, CNP Cyprus says it selected IMSplus to automate and streamline its investment management tasks from transactions to accounting entries and achieve risk efficient operations.
With the solution in place, CNP Cyprus says it will then be able to use IMSplus for customisable reporting, along with asset management tools and support of financial metrics.
Investment officers can then perform comprehensive gain/loss and risk exposure analysis on the company’s investment products, including cash and term deposits, equities, bonds and mutual funds – this is all while being able to provide cash flow projections and compliance with the policies set by the group, CNP Cyprus explains.
Profile Software has provided its solution to numerous companies over the years. In October of this year, Municipality Finance (Kuntarahoitus) went live on Profile Software’s Acumen treasury solution to manage and automate its operations.
Earlier in the year too, Abu Dhabi National Insurance Company (ADNIC) like CNP Cyprus, implemented IMSplus Insurance Investment Management solution to monitor sector and asset class exposures of its invested assets.