PCS S.A., a member of EPSILON NET Group and a leading software provider in the financial sector, announces the successful completion of the transition project of the Daily Mutual Fund Valuation of the (former) European Reliance AEDAK on the award-winning PCS Wealth Management platform.
Specifically, the project included the transfer of the nine Mutual Funds of European Reliance AEDAK on the PCS Wealth Management platform already used by the new consolidated AEDAK for the eight Mutual Funds evaluation of Allianz Asset Management AEDAK. The project included the transfer of active Mutual Funds and their corresponding classes, the complete automation of their accounting monitoring, as well as a set of installation, configuration and support services.
It is worth noting that the PCS systems daily support the evaluation of 300 of the 390 Mutual Funds currently available on the Greek market, corresponding to approximately €11 billion of funds under management or 75% of the total funds (based on data from HELLENIC FUND AND ASSET MANAGEMENT ASSOCIATION).
The PCS Wealth Management solution (https://www.pcs.gr/index.php/pcs-wealth-management-2/) is built upon the latest web technologies, ensures best international practices, covering all functional expectations, meeting regulatory requirements while minimizing operational risk and costs by automating time-consuming and repetitive processes.
Giorgos Xenofos, Vice President & CEO of PCS S.A., stated: “The successful completion of this project confirms the dedication of our company’s human resources in leveraging state-of-the-art technology and business expertise in order to provide advanced functionality to Professional Administrators who trust our company’s solutions. We are proud to have completed this project according to the original schedule, within the agreed budget, fully satisfying the expectations of the Allianz Management. The fact that PCS systems daily support the evaluation of 75% of the entire market positions the company as a market leader.”