The PRWIRE Press Releases https:// 2004-07-22T19:10:00Z Oasis asset management selects Garradin 2004-07-22T19:10:00Z oasis-asset-management-selects-garradin Oasis Asset Management has chosen Australian asset administration software specialist Garradin to support its growing direct shares business following a 12 month selection process. Bruce Tustin, Managing Director of Oasis, commented that Garradins software was ideal for delivering the direct share functionality required by many of its client advisers. Garradin is a market leader in supporting corporate actions and tax for retail products; they spent a long-time consulting with us in agreeing the best way to deploy the software to support our business and client needs. The software has a track record of proven scalability at some of Australias leading retail sites, and this was one of our key selection requirements. We have selected software that can handle our direct share and managed fund tax reporting today, with the ability to expand to support other product initiatives such as Individually Managed Accounts. A further key factor was to ensure we retained complete control over our clients data, so the ability to integrate the Garradin software within our system was critical. Stephen Bowhill, CEO of Garradin, continued, were delighted that Oasis has put its future business growth of this new area on our software. The wealth management and retail space is all about automation and allowing clients to deliver new products or increase FUM with no increase in infrastructure. Garradin has been a successful solution in this area for many years and we look forward to substantial growth here. Kassem Farhat, one of Garradins Business Consultants and lead consultant for Oasis added, Garradin Portfolios flexibility of supporting different asset classes and the highly automated method in which we allow clients to manage CGT and corporate actions, ensures that Oasis are future-proofing their infrastructure and enables delivery of superior client service to its growing client base. About Garradin Garradin offers integrated software solutions aimed at investment managers and administration platforms. Garradin is an Australian developer of a comprehensive and integrated multi-currency investment management system Garradin Portfolio. The Garradin Portfolio solution is the only scalable Australian system that has an integrated asset management and registry database with an embedded tax module. This delivers significant end-to-end efficiencies and enables product innovation across key areas of retail or wholesale funds management, wealth management platforms including IDPS/Wrap and master trusts. Additionally it can be used to support fund managers or private client portfolio management running Individually Managed Accounts and is highly suited for custody and administration within the trustee and custodian environment. Its flexible design ensures unique versatility and scalability and ease of deployment across a wide range of customers. Garradin has a well established record of developing and implementing leading-edge software solutions. Other selected clients in Australia include Macquarie Banks Wrap business and Perpetual Trustees as well as boutique managers Hunter Hall and Alpha Investment Managers. Garradin is a part of the Powerlan Group (ASX:PWR). About Oasis Asset Management (Oasis) Oasis is Australias fastest growing financial services platform providing a broad range of customised product and software solutions for its clients. We are also the largest independent administrator of superannuation master trusts, wrap accounts and specialist products for retail investors. With some of Australias leading Financial Planning groups as clients, Oasis is uniquely positioned to continue its growth and deliver World class service quality to financial planners and their clients. Macquarie Wraps growth supported by Garradin 2003-07-16T15:54:00Z macquarie-wraps-growth-supported-by-garradin Macquarie Wrap Solutions continues its strong growth (from $3.9 billion to $6.3 billion for the year ended March 2003), and has completed its transition to Garradins asset management and investment accounting software product suite (Garradin Portfolio). Our Wrap business is growing rapidly and its obviously important that all elements of what is a complex systems environment are able to handle large numbers of online and batch transactions efficiently, explained Neil Roderick, Executive Director, Macquarie Wrap Solutions. We implemented Garradin Portfolio to replace an older component system that was becoming a constraint on growth. Since going live six months ago, Garradin has proved its worth and scalability, enabling us to easily take on additional clients without having to increase staff, and we have significantly improved the performance of a number of our core processes. The success of the implementation showed that, with the appropriate project structure and processes in place, replacing a portfolio administration system can definitely be worthwhile. Macquarie Wrap Solutions, part of Macquarie Banks Financial Services Group (FSG), is a provider of wrap account and administration solutions to financial intermediaries and advisory dealer groups. The division specialises in superannuation, pension and non-superannuation services for back office and practice management needs. Steve Thomas, Executive Director from Macquaries Information Services Division, explained that the financial services market segment in general, and wrap solutions in particular, were very dependent on technology both to deliver services over the web and to administer the back office in the most cost-effective manner. Our key performance indicator is service, and its the technology that in large part facilitates that service, and as such is a critical element in our ability to serve our customers and so grow our business, said Thomas. Garradin is clearly coping well with the increasing client base and should continue to help us control costs as the business grows even further. By greatly reducing bulk-processing time, we have also been able to focus our energy on providing better customer service. Macquarie Wrap Solutions went through an extensive selection process, carefully assessing six vendors, both local and international, before deciding on Garradin Portfolio, essentially for its scalability and architecture. Macquarie Wrap Solutions needed a scalable solution that would be able to cope with future growth and could also be integrated seamlessly with the other systems making up the Wrap architecture. Performance benefits were also obtained. For example, one particular interface improved by 50% once Garradin had been implemented. Besides its scalability and architecture, Garradin Portfolio was chosen for its local ownership and design, assuring Macquarie of ongoing compliance with local tax and regulatory requirements. Macquarie Wrap showed that with a well structured implementation and a true partnership approach, they were able to not only have an invisible transition for their clients, but they were also able to significantly add new business at the same time, said Garradin Director, Business Development, Simon Dominguez. Dominguez said the Macquarie deal was particularly significant for Garradin because it marked its move into the retail investment management space. Although we have long been a big player in the wholesale investment management marketplace, the Macquarie contract has enhanced our competitive advantage by adding another significant string to our bow, he said. At present, we are the only local provider of a proven, fully integrated retail and wholesale investment management solution. Macquarie and Garradin worked closely together to develop and include enhancements tailored to Macquaries particular needs. These enhancements will now be incorporated into future versions of the Garradin Portfolio system. About Garradin Garradin is an Australian developer of a comprehensive multi-currency investment management system, Garradin Portfolio, which is designed for professional investment managers to manage their portfolio and trading activities in major domestic and international markets. Key features include the ability to manage securities trading and settlement, analyse the composition of portfolios, value and track their performance, check their compliance against preset rules and mandates, generate accounting entries, and produce a variety of operational and management reports, as well as customer documents. Garradin Portfolio also incorporates a comprehensive Unitised Funds subsystem that manages the unit registry and unit pricing processes. These modules are designed for use in either stand-alone mode or as an integrated part of Garradin Portfolio. Garradin has a significant market share of some 30 percent of the Australian marketplace, with enterprise-level clients including Macquarie Bank Wrap Solutions, Perpetual Trustees, Alliance Capital and JP Morgan. Garradin also services the boutique management market with clients including Hunter Hall Investment Management, Parker Asset Management, Austock Brokers and Alpha Investment Management. Further information on Garradin can be found at www.garradin.com Garradin partners with Peresys to provide end-to-end straight-through-processing solutions 2003-05-13T13:16:00Z garradin-partners-with-peresys-to-provide-end-to-end-straight-through-processing-solutions Garradin, a leading Australian-based developer of investment management solutions, and South African specialised financial solutions provider Peresys, today announced a strategic partnership. Simon Dominguez, Business Development Director of Garradin, sees customers gaining added benefits from the joining of these best-of-breed products from the two companies. We now have an end-to-end straight-through-processing (STP) solution, which will allow our clients to leverage Peresys technology, together with our Garradin Portfolio transaction processing solutions, to gain significant efficiencies in trade processing, said Dominguez. According to Richard Bell, Head of Sales and Account Management at Peresys, the companies have similar customer-focused cultures and with both specialising in the financial services industry, the product sets are very complementary. Peresys is the market leader in South Africa for most of our product categories including STP solutions, said Bell. Garradin is an ideal partner to enhance our introduction to the Australian market, just as we are in a great position to assist them in penetrating the South African market. Garradins leading investment management product, Garradin Portfolio, has been widely adopted in many high-profile institutions, with assets under management/administration of more than AU$50 billion. Garradin Portfolio is a comprehensive multi-currency investment management and unit trust system designed for professional investment managers to manage their portfolio and trading activities in major domestic and international markets. Garradin Portfolio has been designed and developed in Australia for fund managers, trustees, custodians, insurance companies, investment companies, stockbrokers, financial planners, WRAP/master trust providers, and outsourcers. The initial focus of the partnership will see the Peresys integration product Connex being used to provide integrated solutions around Garradin Portfolio such as ETC (electronic trade confirmation) and ETS (electronic trade settlement), plus automation of processes such as cash and scrip reconciliation, corporate actions and client instructions. Furthermore, said Bell, this strategic partnership with Garradin will further consolidate Peresys ability to deliver quality solutions to our South African clients. About Garradin Portfolio Garradin Portfolio is a comprehensive multi-currency investment management system designed for professional investment managers to manage their portfolio and trading activities in major domestic and international markets. Key features include the ability to manage securities trading and settlement, analyse the composition of portfolios, value and track their performance, check their compliance against preset rules and mandates, generate accounting entries, and produce a variety of operational and management reports, as well as customer documents. Garradin Portfolio also incorporates a comprehensive Unitised Funds subsystem that manages the unit registry and unit pricing processes. These modules are designed for use in either stand-alone mode or as an integrated part of Garradin Portfolio. Garradin Portfolio has a significant market share of some 30 percent of the Australian marketplace, with clients including Macquarie Bank, Perpetual Trustees, Tower Insurance, and State Trustees of Victoria. About Peresys Peresys is a South African software house focused on the financial services industry. It is a leader in the development and delivery of solutions to stockbrokers, asset managers, multi managers and pension funds, with specific focus on dealing systems, integration, and research dissemination, straight-through-processing and related administration systems. The companys buy-side clients represent over 90% of assets under management and on the sell-side over 75% of value traded in South Africa. Peresys head office is in Sandton, Johannesburg, with a significant branch presence in Cape Town, as well as representation in the Netherlands, Australia, and the UK. Peresys prides itself on being able to offer unrivalled after-sales service and support through its passionate and committed team of people, and has the capacity to deliver highly tailored solutions. Garradin helps Parker Asset Management slash admin time by more than 50 percent 2003-05-05T13:37:00Z garradin-helps-parker-asset-management-slash-admin-time-by-more-than-50-percent Boutique fund manager Parker Asset Management has slashed its investment management administration time by 50 percent and grown its funds under management by 30 percent with the help of the market-leading asset management and investment software product suite, Garradin. Implementing Garradin also facilitated Parker Asset Managements transition from a pure-play stockbroker to a fund manager, able to offer its clients value-added performance reporting services. About seven years ago, we decided to move from being a pure stockbroker to a fund manager as we wanted to be able to offer our clients valued-added services such as performance reports. We also wanted to be able to offer our clients a full accounting package, something that stockbrokers just dont seem to want to do for their clients, said Parker Asset Management Managing Director, Philip Parker. Producing precise reports for our clients and their accountants well in time for tax return deadlines proved to be a huge challenge at the administration end, as we had a number of diverse information sources that had to be manually collated into one report showing the years investment history and performance. Our manual system answered the basic requirements but the task was obviously extremely time consuming. Since implementing Garradin, Parker Asset Management has not only been able to provide the reports well in advance of taxation deadlines, but has also been able to reduce the time spent on administration by more than 50 percent. It has also enabled the company to substantially grow its business with funds under management growing 30 percent since early 2000 and with the number of individual portfolios under management growing by 13 percent. Implementing Garradin freed up our staff to proactively go after new business, explained Parker. But, more importantly, we are also able to provide an even better service to our existing clients who receive comprehensive reports showing their net returns versus the index, as opposed to just the basic annual statement required for tax purposes. Parker said transparency was a critical component both in terms of the way his company selected stocks and the way that Garradin reported on them. Customers obviously benefit greatly from having completely transparent information about their investments good or bad, said Parker. Fortunately, it has all been good so far, as we have managed to outperform the index for our clients. From 1 July 1996 to 30 June 2002, our client portfolios have averaged a return of between 9 percent to 14.5 percent compound on an annualised basis. Our public fund, The Parker Enhanced Leaders Trust, returned over 10 percent per annum over the same period. Parker said that although he had assessed other automated investment management solutions, Garradin provided a perfect fit, in view not only of its Australian heritage - assuring ongoing compliance with local tax and regulatory requirements - but also in terms of its willingness and ability to service the boutique funds management market. With many more boutique fund managers entering a consolidating market, it is becoming harder to attract and maintain customer loyalty, said Parker. Garradin gives us a competitive advantage in that automating our administration functions has enabled us to focus on better servicing our existing clients and further growing our business. Garradin is an asset management and accounting software suite that has been widely accepted by fund managers, wrap providers, trustees, custodians, banks, stockbrokers, insurance companies and financial planners. The system, which is scaleable and easy to use, is ideal for enterprise-level clients as well as boutique managers who can now also access the new monthly rental arrangement pricing model. About Garradin Garradin is a comprehensive multi-currency investment management system designed for professional investment managers to manage their portfolio and trading activities in major domestic and international markets. Key features include the ability to manage securities trading and settlement, analyse the composition of portfolios, value and track their performance, check their compliance against preset rules and mandates, generate accounting entries, and produce a variety of operational and management reports, as well as customer documents. Garradin also incorporates a comprehensive Unitised Funds subsystem that manages the unit registry and unit pricing processes. These modules are designed for use in either stand-alone mode or as an integrated part of Garradin. Garradin has a significant market share of some 30 percent of the Australian marketplace, with clients including Macquarie Bank Wrap, Perpetual Trustees and Tower Insurance. Further information on Garradin can be found at www.garradin.com About Parker Asset Management Limited Parker Asset Management Limited is a boutique fund manager with combined funds of more than $160 million under management. The company has two distinct divisions its flagship public trust, the Parker Enhanced Leaders Trust, and its direct private portfolio management service, which includes portfolio creation, management and administration. The Parker Enhanced Leaders Trust aims to create wealth for its investors over time through careful and disciplined investment in equities. It is currently ranked number one in the ASSIRT table of Australian Leaders for equities over one and three years (Money Management 27 March 2003). Market shake-up puts local developer in front 2003-04-14T18:02:00Z market-shake-up-puts-local-developer-in-front The Garradin system is the only fully integrated unit trust and asset management software suite in Australia that is accessible to both enterprise-level and boutique managers. Garradin, which already has a strong enterprise customer base, also offers a flexible monthly rental pricing model making it accessible to smaller managers too. "Financial services players who hope to maintain a competitive edge need to keep abreast of cost-effective, efficient and easy-to-use technologies that help them to automate their unit trust and asset management systems," explained Garradin business development director Simon Dominguez. "Our Australian designed and developed offering, with its monthly rental model, makes it possible for the growing market of small and medium-sized fund managers to enjoy the same functionality to which their larger counterparts have long been accustomed." The name change from Portfolio Manager System to Garradin - an Aboriginal term inferring wealth - is also aimed at giving the company and product a stronger identity in the market as there are a number of similar, but unrelated product names, which is causing confusion. "Selecting an Aboriginal word for our new name reinforces the fact that our product is Australian developed, meaning that customers are assured not only of local support but also of ongoing compliance with complex and ever changing Australian tax and regulatory requirements," said Dominguez. "US based Advent Software's recent decision to close its Australian operations further highlights the importance of having local support." The latest version (Version 7) of Garradin's automated unit trust and asset management system boasts significant enhancements and performance improvements as well as a number of important new features. One of these is web capability, improving the information flow to clients by enabling them to view their latest portfolio details online. Version 7 also boasts a foreign exchange module and a payments and receipts module, enabling automatic reconciliation of bank account entries and transactions. Enhancements include increased efficiency with interfacing, hybrid securities, additional building blocks for straight-through processing, and a substantially improved and independently certified capital gains tax (CGT) module. The new Advanced Report Writer now enables the creation and publication of marketing quality reports, letters and statements.