Percana Deploys FRS’s Invest|Pro™ as part of outsourcing solution
The Percana Group has just signed a multi-year deal with the Dublin based fund administration software company Financial Risk Solutions (FRS). According to the terms of the agreement, FRS’s Invest|Pro™ software will be integrated into Percana’s outsourcing offering for the life and pensions sector. “This agreement with Percana is an excellent opportunity for us to extend our reach into Europe - a market that is central to our strategy," said Frank Carr, Sales & Marketing Director, FRS. “Currently, FRS is Ireland's largest provider of fund administration software to life assurance companies, and through our agreement with Percana we aim to be part of the fund administration backbone of many more companies across Europe.” Paul O'Kane, chief executive officer of the Percana Group, said: "By using FRS Invest|Pro™ as part of our outsourcing solution, Percana will be able to provide increased functionality and scale to life assurance and pension companies looking to cut costs through outsourcing policy administration. Industry research and our experiences to date indicate substantial interest in the European marketplace for life and pensions outsourcing solutions." Outsourcing now forms a significant part of the Percana Group’s activities and recent outsourcing contracts signed with Azimut Holding Spa and Arca Vita International, have enhanced Percana’s credibility as a key player in the provision of Third Party Administration services to the Life and Pensions Sector. The Percana Group was set up in 1999 by a group of experts with considerable experience in information technology and management of life assurance products. Percana’s product and service offering is based on the Eclipse Product Suite, which can be used to manage a wide range of Life and Pension products. The Percana Group also offers consultancy services, which include Eclipse implementation and policy conversion projects. FRS (www.frsltd.com) is a leading fund administration software company that designs and delivers business solutions for some of Europe's leading financial services institutions. FRS’s Invest|Pro™ system enables clients to administer funds in an efficient and controlled manner. In addition to its software solutions business, FRS has an actuarial consultancy and acts as appointed actuary to a number of European life assurance companies.
