More NewsBlominvest Saudi Arabia Selects Thomson Reuters Investment Accounting System

Blominvest Saudi Arabia Selects Thomson Reuters Investment Accounting System

Lebanese investment firm Blominvest Saudi Arabia has gone live with Thomson Reuters Portia, an enterprise-wide investment accounting system.

Portia is a robust platform that supports specific regional needs including: accounting and transaction processing requirements, Shariah compliance, performance measurement, attribution and client reporting. In addition, flexible integration to third-party systems is supported with the ability to report in English and Arabic to meet the demands of both clients and local regulators in the Middle East.

Phillip Dagher, chief operating officer at Blominvest Saudi Arabia, said: “We chose Thomson Reuters Portia for its scalability, broad functionality and proven success in live environments. The open architecture and flexible system allows for a more centralised approach to transaction processing and data management, which greatly increases our efficiency.”

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