PRZOOM - /newswire/ -
Mumbai, Maharashtra, India, 2010/09/14 - Framework, the leading UK provider of software solutions to the global private equity industry today announces the release of the latest version of its software, Framework 2010, following client beta testing.
With private equity firms facing increasing demands from investors and regulators, including a focus on improved transparency and risk management, funds are now experiencing a greater operational burden. The enhanced Framework solution assists businesses in addressing these market requirements in a single, end-to-end solution. Moreover, the inherent flexibility of the product means that it can adapt as needs change, whether they are related to the size and type of business or legislation.
This new release, which includes 52 functionality enhancements, continues the new naming convention introduced with Framework 2009 that heralded the start of annual major releases.
Framework 2010 includes the following new developments:
New capability to support transfer of interest between Limited Partners from one or more funds. Additional features include:
• Investor communications and mail merge;
• Capital, portfolio and general ledger posting actions;
• Split and fund investor changes;
• Additional drawdown debtors functionality, including the ability to overpay;
• Enhancements to the general ledger to facilitate easier posting to journals for future and prior periods;
• Extensive “internationalisation” of the system to support our growing client base in North America and other territories.
Elspeth Goodchild, Managing Director, 3i Infotech-Framework, said, “The post-recessionary landscape for the private equity industry is much more challenging than in recent years. Legislators and investors now desire to see a new clarity in fund portfolios, and at 3i Infotech - Framework, we are continually enhancing our systems to enable the industry to demonstrate best practice across the board.”
“Over the last 12 months we have significantly increased our customer base, including our first clients in North America. This new release further consolidates our position as the leading UK provider of software to the global private equity industry.”
Framework is a complete, end-to-end, alternative assets software solution that helps manage risk, enable transparency and increase operational efficiency for all types of organisation across the entire private equity market. The solution is used by firms in Europe, North America and the Middle East that collectively manage over US$200 billion of alternative assets. These firms include private equity and venture capital groups, real estate investors, administrators, fund of funds, development funds and corporate funds.
Framework is part of 3i Infotech, one of India’s leading IT companies and among the top three Indian software products companies.*
About 3i Infotech
3i Infotech (3i-infotech.com) provides software products and IT services for the Banking, Financial Services & Insurance (BFSI); Manufacturing, Retail & Distribution; and Government verticals. The Company's quality certifications include ISO 9001:2008 for BPO, ISO/IEC 27001:2005 for Data Centre Operations and ISO/IEC 20000-1:2005 for Data Centre Management Services. The Company has embarked on re-appraisal under SEI CMM ML 5 for all of its major software development centres in India.
By using its domain knowledge and through continuous investment in technologies, 3i Infotech Limited helps corporations in their businesses through its expertise in enterprise-class software solutions, software services, information security consulting, system integration services, IT infrastructure and Disaster Recovery solutions. 3i Infotech services over 1500 customers in more than 50 countries across five continents.
For more information, please contact:
Nicola Harley, Head of Marketing
3i Infotech (Western Europe)
Switchboard: +44(0)20 7071 3000
P: +44(0)20 7071 3012 /F: +44(0)20 7071 3001