30th November 2018

ICM Limited Selects Microgen 5Series to provide a comprehensive administration solution

Microgen is pleased to announce that ICM Limited (‘ICM’), a leading international fund manager and corporate finance advisor has selected Microgen 5Series to enable the Company to replace a number of systems across its business with a single comprehensive solution which will increase operational efficiency and provide a robust platform for continued business growth.

Established in 1988 and headquartered in Bermuda, ICM has a global reach with additional offices in London, Wellington, Sydney, Dublin, Singapore and Cape Town. ICM’s expertise is in listed equity, private equity and fixed income products, with portfolios that span a variety of countries and products for institutional and retail investors. With over 55 staff, they are currently managing, both directly and indirectly, approximately US$20bn in funds.

ICM identified a need to stimulate increased operational efficiency and introduce other effective enhancements to overcome business challenges typically associated with disparate legacy technology solutions that result in a substantial reliance on manual processes.

“When we initially started evaluating software solutions we looked at a variety of accounting, CRM and workflow management applications.” said Werner Van Kets, Managing Director, ICM Corporate Services, “However, with 5Series we realised the significant advantages to be gained from using a single, integrated solution and the positive impact it would have across all aspects of our business.  5Series offers a level of flexibility and functionality that we had had not expected to find in a single solution. It will enable us to accelerate our program of operational improvements by allowing for managed workflows and improvements in consistency in our processes.”

With the help of Microgen’s experienced professional services team, 5Series is being rolled out to support the core business administration functions of ICM. Microgen’s partnership approach to implementation ensures that 5Series will meet ICM’s business needs and maximise ICM’s return on investment.

“Microgen is delighted to welcome ICM as a new 5Series customer and we look forward to a long and mutually successful partnership” said Douglas Cooper, Business Development Director, Microgen Financial Systems. “We are excited to add a further customer implementation in South Africa, which is a key market for Microgen and where we already have some of the country’s largest financial institutions as long-standing customers.”