Invest|Pro™ powering investment administration of Generation Life’s range of innovative investment solutions for the Australian market.
Melbourne, Australia – 2 February 2022 Financial Risk Solutions (FRS), provider of investment administration software to asset owners and life and pensions companies worldwide, today announced Generation Life, an Australian leader in tax-effective investment solutions, has gone live with Invest|Pro™ after selecting the software in May 2021 for its investment bond business and future product development.
FRS’ professional services team was able to implement Invest|ProTM following the technology firm’s Four Pillar Implementation Process.
The Invest|ProTM software provides automated reconciliations, unit pricing, cash allocation and rebalancing, tax accruals, investment accounting and reporting for Generation Life. The solution includes advanced reporting and analytics, audit trails for all activity, email alerts and dashboard monitoring, giving Generation Life’s management team complete oversight of the investment administration process.
Lisa Bates, Head of Fund Operations at Generation Life, said;
“This was an important technology upgrade for Generation Life, providing a scalable and reliable platform to support our long-term growth ambitions across multiple products. We were impressed with the commitment of the FRS team to get us live with InvestPro. From designing a light-touch operating model, through to implementation and launch, the FRS team guided us every step of the way. Their extensive industry experience really sets them apart.”
Frank Carr, CMO at FRS, commented;
“This project with Generation Life is another example of how FRS delivers our award-winning software using continuous delivery capabilities to reduce risk and ensure clients are up and running and benefiting from our software quickly. We wish Generation Life every success and look forward to continuing to work with them in the future.”