Omnis Investments went live with LIBRIS Financial to support their Multi Manager Platform on time, and most importantly, in budget. LIBRIS Financial the Portfolio Management solution from Exact Consultancy supports the joint venture between Octopus Investments, the award winning Specialist Products Provider, and the Openwork IFA Network, a directly authorised franchise network consisting of over 740 firms with more than 2,600 financial advisers across the UK.

Following the successful implementation of LIBRIS Financial in April 2008 to service the IHT, EIS, VCT and OEIC products Octopus Investments have now expanded the business supported by LIBRIS Financial to include the OMNIS Investments joint venture. This second installation takes advantage of the Ultrasecure LIBRIS ASP platform providing fully managed hardware and hosted software environment where Exact personnel take care of all backups, data replication and disaster recovery requirements.

LIBRIS Financial offers full Investment Management processing, reporting and performance and has been enhanced to cover all the requirements of a Multi Manager, ensuring efficient Straight Through Processing. The Multi-Manager Platform utilises the ACD hosting service from IFDS and State Street by providing automated custodian feeds for transaction import and cash receipts coupled with automatic holdings and cash reconciliations between the State Street Instruct platform, custodians and LIBRIS Financial. New trading functionality has been added to support trading and reporting in ETF’s and derivatives. Having been originally chosen by Octopus following a rigorous selection process that involved the assessment of numerous well established system providers LIBRIS has once again proved its inherent ability to deliver a 100% functionality fit to the business requirements of OMNIS Investments.

Paul Latham, Operations Director, Octopus said “The successful implementation of LIBRIS Financial in April has allowed us to take advantage of the systems flexibility to suit our way of working and the well defined business processes we had in place. Being able to roll LIBRIS out to support the OMNIS business stream will improve our client servicing to the high levels we have come to expect from LIBRIS and Exact.”

Paul Sinclair, Sales Director, Exact Consultancy commented, “We are delighted to support the growth of Octopus Investments in this exciting new venture. The further development of the LIBRIS Financial product providing the ability to handle ETFs and Fund of Funds instrument types and build flexible interfaces for multiple custodian/ACD environments gives Libris Financial an added appeal to a wider range of Investment Management customers. We look forward to a long and mutually successful relationship with OMNIS and equally, further successful implementations of Libris Financial.”

Octopus are an award winning Investment Management Company offering, Inheritance Tax products, Venture Capital Trusts, Enterprise investment Schemes and OEICS. Established in 2000 Octopus now have 11,000 customers, £500 Million funds under management and are doubling that every year. They have won the 2008 ‘Best Specialist Product Provider’ award, are three times winners of the National Business awards, and Best VCT Provider was short listed for the Company of the Year in the Customer Excellence category at the 2008 Growing Business Awards and short listed for three of the 2008 Investor AllStars Awards.

Visit: www.octopusinvestments.com/investor/news/default.aspx for full details.