Sawabeh Information Services Co. (SISCOM), a regional IT consultancy firm, and GOYA, pioneers in financial solutions, have signed a partnership agreement to offer Middle East investment management companies, a leading customized Shareholder Registry and Transfer Agency solution.
"Partnering to offer and deliver Goya solutions is a strategic move in expanding the services we provide to clients in Financial Sector," states Haitham Saead, Vice President at SISCOM. "Combining a Shareholders Registry system with our portfolio management solution offerings will add a best of breed solution that complements our portfolio and will enable our clients to improve their operations and help in managing investors' efficiency."
SISCOM has previously succeeded in customizing, integrating and implementing Tradex the Shareholder Registry System for a major investment management companies in the region. SISCOM believes that regional financial advisors, mutual fund distributors, hedge fund managers and other wealth management organizations will heavily benefit with the expertise and experience that SISCOM offers.
Tradex from GOYA is a fully web-integrated financial process management solution that is built on Microsoft technology. Tradex addresses business requirements of relationship managers, back office and front office personnel. SISCOM's integration expertises configure and enable Tradex to work with a variety of platforms based on the business process requirements. Tradex could also be configured to validate CRM information during the account opening process to ensure compliance with Know You Customer (KYC) obligations. Tradex manages the subscription process for open and closed end funds. Tradex addresses managing subscription cut-off times, cash availability, and automatic subscription programs. Tradex ensures that subscriptions and redemption adhere to the fund prospectus or can be overridden only by appropriate individuals. The flexible data centric nature of the Tradex can enhance the reporting of information to enable Arabic or English reports. Tradex assists with shareholder registry issues and the products that are sold to clients.
As Tradex is implemented across your organization, the pipeline technology has the flexibility to add or remove routines that address your business processes for instance Tradex will ensure adherence to the business processes and enhance the efficiency by automating processes that have been handled manually.
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About GOYA
Goya is a software development company located in Stavanger on the west coast of Norway. GOYA creates specialized systems to handle transactional business processes. Tradex covers the whole investment lifecycle from product registration, order processing, payments, accounting, reconciliation, commission and incentive management.
About SISCOM
SISCOM is a premier professional services organization providing consulting, technology and outsourcing services to the Middle East region and across the globe. With a talented employee base of 320 professionals and a culture of innovation, accountability and strong brand recognition, SISCOM's market share has outgrown the competition including the penetration of international markets and attaining client's loyalty.
© Press Release 2008
