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Adamjee Insurance chooses IMS from Plexus to automate its Invesment Operations
Adamjee Insurance Company Limited (AICL) has entered into a software agreement with Plexus to manage their treasury operations after reviewing available software solutions. Investment Management Solution from Plexus has been selected for implementation by Adamjee Insurance to handle all investment activities and manage company’s diversified portfolio.
AICL has been operating since 1960 and is listed in all three stock exchanges in Pakistan. AICL enjoys a competitive edge in the insurance industry due to its strong asset base, paid-up capital, substantial reserves, balanced portfolio mix and steady growth in gross premium.
IMS is an integrated product of Plexus specifically designed to cater for the needs of the investment managers of organizations. Plexus has been providing portfolio management software to various institutions in Pakistan. By using this software, investments can be monitored effectively and risks can be mitigated by using advance reporting of the software. This solution is capable of complying with regulatory needs such as the Capital Gain Tax (CGT) related functionalities. An automated knockoff mechanism is included in the software along with a set of reports that allow for calculation of the capital gain tax value and with its relevant details.
Rehan Ahmed, Head of Internal Audit, Adamjee Insurance, says: "To bring efficiency to our investment operations and manage our treasury effectively, we have chosen Plexus’ Investment Management Software and we have found the team at Plexus to be competent in their software knowledge and understanding of our business.”
for further details visit our site
www.plexuspk.com |
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