NEW YORK, June 10, 2008 (PRIME NEWSWIRE) -- Navatar Group, a global salesforce.com partner in Financial Services, today announced three new On-Demand solutions to manage operations for Mutual Funds, Hedge Funds and Mergers & Acquisitions built entirely on salesforce.com's Force.com Platform-as-a-Service.
The Navatar Mutual Funds solution enables mutual fund companies to manage complex deals with broker/dealers across multiple channels. Designed to integrate with industry standard data feeds, this solution can aggregate information across broker/dealer offices and branches. The solution is designed to do the following:
* Manage deals with broker / dealer, banks and financial advisors
* Manage wholesale and retail channels
* Aggregate fund data from multiple offices to the broker/dealer
* Track broker rep performance based on transactions
* Integrate with standard industry data feeds
The Navatar Hedge Funds / Asset Management solution helps efficiently manage and track investor subscriptions and redemptions, fund offerings and returns, security holdings and trades. It also has built-in risk assessment functionality to manage the entire portfolio for funds. The solution is designed to do the following:
* Conduct risk assessment and exposure for the fund
* Track underlying fund holdings and transactions
* Track investments in all securities
* Manage fund operations and track investors
* Track fund returns and performance
The Navatar Mergers & Acquisitions solution enables an organization to manage and track all the activities related to evaluation of companies to acquire or divest. It has built-in processes to manage the due diligence steps, allow for multiple reviews, and track all parties involved in the process with the ability to monitor the progress of all the deals. The solution is designed to do the following:
* Define criteria for target acquisitions / potential divestitures
* Track due diligence for each company being evaluated
* Track external advisors involved in the deal
* Provide users ability to perform multiple reviews
* Monitor evaluation / deal progress
The Navatar solutions run on the Force.com Platform, benefiting from industry-leading performance and availability, global scale, multi-tenancy and security of salesforce.com's award-winning service.
"Force.com gives Navatar the ability to focus on innovation, not infrastructure," said Renny Monaghan, vice president, financial services, salesforce.com. "With Force.com, Navatar can leverage their thought leadership and deep expertise in Financial Services and SaaS to deliver compelling applications that address the specific needs of their financial services clients."
"Navatar's solid experience in Financial Services CRM, combined with the Force.com Platform, has enabled us to develop these solutions in months," said Alok Misra, Principal, Navatar Group. "Financial Services firms no longer have to depend on difficult to install, maintain and modify software to run their operations -- salesforce.com has changed all that with the Force.com Platform."
Availability
Navatar's Mutual Fund CRM, Hedge Fund CRM and Mergers & Acquisitions CRM are currently scheduled to be available on a 30-day free trial basis on the AppExchange or http://www.navatargroup.com or by calling 212 461 2140 for more information.
Force.com Platform and the AppExchange
Force.com is the on-demand platform for the next generation of business applications. Force.com reinvents traditional customization and integration and enables the creation of a whole new generation of on-demand applications that go beyond client/server computing. Force.com allows applications to be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange marketplace, enabling all the innovation that Force.com unleashes to benefit the entire on-demand community.
The AppExchange economy continues to expand, as thousands of salesforce.com customers have installed thousands of on-demand business applications available on the AppExchange, found at http://www.salesforce.com/appexchange.
About Navatar Group
Navatar Group (http://www.navatargroup.com), one of the premier salesforce.com partners, is a global consulting firm that excels in delivering On-Demand CRM solutions. Headquartered on Wall Street in New York and specializing in Financial Services CRM, Navatar provides "out-of-the-box'' Force.com-based CRM solutions for Equity Capital Markets, Debt Capital Markets, Mutual Funds, Hedge Funds, Private Equity and Mergers & Acquisitions that are ready to deploy with minimal customization. Navatar's CRM solutions for Financial Services are being used by firms in North America, EMEA and APAC. Navatar Group also has an Offshore Technical Excellence Center in New Delhi, India, that provides customization and implementation services for the CRM solutions.