Gensec`s new systems lay foundation for dynamic operations

Gensec Asset Management, SA`s largest asset management firm, has launched into the new millennium with new financial systems, which enable more profitable and dynamic support of its operations.

"Managing more than R190 billion of assets both locally and internationally requires a flexible system that can change rapidly to accommodate dynamic market pressures," says senior financial manager Francois Kellerman. "Thus the J.D. Edwards suite of financial software was chosen to replace Gensec`s legacy Walker system".

Crucial to Gensec`s profitable operation is the need to accurately manage costs in a highly competitive environment, adds Kellerman, a benefit JDE ably demonstrated during exhaustive pre-installation tests.

"Our users will benefit from JDE`s highly automated system, which frees them to be more productive in value-enhancing activities. As a risk management company it`s vital that we have the ability to break down costs."

Implementation of the system took a swift five weeks, because, says Kellerman, the entire Gensec user team was committed to ensuring a rapid and smooth transition from the legacy systems which were developed for a more static environment designed to process large volumes of data.