How InvestPro sets pension values

Trade

29 July 2008

Pictured: FRS sales & marketing director Frank Carr, left, with CEO Peter Caslin

Irish software firm Financial Risk Solutions has earned certified status in Microsoft’s partner programme in recognition of its significant position in the fund and investment administration technology marketplace.

FRS was founded by a group of senior actuaries and IT professionals nine years ago to serve customers handling complex processes in the finance departments of life assurance firms. At the heart of its operations is InvestPro a pricing, accounting and investment administration system used by life assurance companies, fund administrators and third party administrators across Europe. Clients include Aviva, Eureko and Accenture Insurance Services.

The system evaluates and administers investment assets in funds worth billions of euro daily. Fund prices are published in the financial pages of media, and these figures ultimately represent the day’s value of an individual’s pension.

 

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FRS MD Peter Caslin commented: “Earning certified partner status in the microsoft partner programme is a milestone we are proud of. For our customers, the status reinforces our expertise and relationship with Microsoft, and it is a clear indication of the quality of our products.”

Microsoft Partners are required to meet rigorous requirements for certification and expertise. FRS InvestPro has reached the status of Certified Partner for independent software vendor and software solution by demonstrating increased levels of developer certification, deep real-world experience, and by providing completed customer reference projects that were independently verified by Microsoft.

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