View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 3, 2010

Friesland Bank Selects 3i Infotech-Framework

Friesland Bank Investments (FBI), a wholly owned subsidiary of Netherlands-based Friesland Bank, has selected 3i Infotech-Framework (Framework), a UK-based provider of software solutions to the private equity community, to manage its private equity investment portfolio.

By CBR Staff Writer

Framework will allow FBI to centralize all of the information on its portfolio companies in a secure environment, where previously it was stored in multiple spreadsheets across its IT network. The investment team will now be able to access all information pertinent to a specific investment immediately and the speed at which they can access new views of the overall portfolio will be improved, allowing efficient management.

The consolidation of all portfolio company information will facilitate the production of management information reports, which will also aid investment performance monitoring.

Among other things, FBI will also take advantage of Framework’s CRM capability to store all of the team’s contacts in a central repository thereby creating a shared corporate resource. Moreover, the whole team will be able to add relevant information about contacts to build up a strong knowledge management tool.

RHM de Kruijf, director of finance at Friesland Bank Investments, said: “After a thorough selection process we chose Framework; not only does the solution meet our requirements but the team also demonstrated extensive understanding of private equity which they were able to translate to our business. Following the implementation we will have all of the tools we need to monitor and evaluate efficiently the performance of our portfolio companies.

Content from our partners
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate
What to look for in a modern ERP system
How tech leaders can keep energy costs down and meet efficiency goals

“The selection of Framework has also provided us with the opportunity to standardise and streamline our business processes which will be configured as part of the Framework implementation and will help ensure operational consistency.”

Bulent Osman, director of sales and marketing at 3i Infotech-Framework, said: “Similar to many private equity firms, FBI has switched its focus from transactions to monitoring the performance of its existing portfolio companies which meant that it also needed to review its systems and processes.

By moving away from spreadsheets and adopting Framework, FBI will be able meet its objectives including providing investment managers with quick and easy access to portfolio company information as well as an overview of the complete portfolio.”

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.