SDT Financial Software Solutions has reported a 20% growth in turnover for the financial year ended 28 February 2006.
Implementations of SDT Exergy at Metropolitan Kenya, Metropolitan Namibia and KGA Life contributed significantly to the year's growth.
"SDT consistently maintains growth through its commitment to serving clients and product development," says SDT director, Freda du Toit.
"30% of our turnover is invested back into the business to keep our products, processes and people competitive and up to date. We establish partnership relationships with our clients, linking our success to theirs. We also invest in relationships with important role players in the industry such as the African Insurance Organisation and actuarial firms such as QED (now an AON Group company), giving us the power to work together to find solutions for the market."
SDT Exergy, the company's strategic focus for next financial year, is a consolidated software solution designed for application in individual life and investment markets, group life administration markets and employee benefits markets. It was designed to provide the financial services industry with flexibility and agility and enable the provision of improved service levels. It is a consolidated single service matrix that can be integrated into various environments and will be expanded to include short-term insurance, unit trusts and other financial products. During the financial year ending February 2006, SDT signed several new clients, including RealPeople, Lesotho Insurance Corporation, Alliance Lesotho and CFC Life Kenya while expanding its presence at existing clients such as Metropolitan International and Old Mutual Kenya, which will be using SDT Exergy for Group Life Administration. "The financial services market in Africa is showing marked growth, and SDT plans to continue establishing itself as a reliable supplier to this market," Du Toit continues. "Having done many implementations across Africa, we understand the intricacies of these markets and we are able to assist our clients in establishing competitive, cost-effective administrative process."
SDT's product line includes SDT Life, SDT Greenkey, SDT FeeManager, SDT Amsolf, SDT Report Writer Pro and SDT Document Print Server.
The company is a Microsoft Certified Partner and all its systems are based on Microsoft's development and operating environments.
Profit before interest and tax for financial year ending 28 February 2007 is set to increase by 25% while turnover is set to increase by 35%.
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