FinArch

FinArch awarded for impressive growth

Ghent – April 17 2008. - Financial Architects (FinArch), international provider of a Finance Resource Planning (FRP) platform for the finance industry, today announced that, for the 5th consecutive year, the company has been awarded the ‘Trends Gazelle’ as a fast growing company in the region. Trends Gazellen companies noted a fast growth in the last 4 years at the level of revenue, personnel and cash flow.

“We are honoured and proud to be awarded, once again, by an independent jury the title of Trends’ Gazelle, for the 5th year in a row,” says FinArch CEO, Dirk De Beule. “This award belongs to the entire team: our customer focus, our sense for creative entrepreneurship that exploits our outstanding technological abilities and flexibility of the entire team, together with the good relations with clients and other stakeholders, have made FinArch grow fast. This award honours the great work we have all done and encourages us to continue on this road”.

With this fifth consecutive title of Trends Gazelle and last year’s award of most Promising Entrepreneur of Belgium 2007, organised by Ernst & Young, FinArch confirms its position as the expertise and technology leader for financial management software. Since its inception in 1997, Financial Architects nv has built an undisputed international reputation for delivering high-value-added products based on highly acclaimed, cutting-edge technologies. The company’s strong global position results from its offering of a dedicated and combined solution of different but converging disciplines in the area of advanced accounting techniques, faster and more detailed reporting, risk calculators and compliance.

The ongoing success in delivering financial and risk management solutions has paved the way for uninterrupted growth. A promising outlook for the future stimulates FinArch to continue to invest in R&D and in its personnel. Further product developments are envisaged to address a growing demand, worldwide, in advanced financial management and finance transformation platforms.

With its flagship Financial Studio, FinArch is positioned by Gartner, Inc. in the leaders’ quadrant in the Magic Quadrant for Basel II software applications. The company’s focus coupled with a solution that can be scaled to meet broader corporate performance management, has thus been recognised by the global financial markets.

About Financial Studio FRP solution 

Financial Studio is the first fully integrated finance resource planning (FRP) solution for banking and financial institutions. Unlike generic ERP (Enterprise Resource Planning) systems, Financial Studio solves the specific needs of the finance sector and addresses all the factors involved in the convergence of risk management and accounting practices across all banking and financial disciplines. Financial Studio’s ‘out-of-the-box’ functionality, with its highly customisable modules and scalable database, allows for rapid deployment of any sized project, from small local implementations to full-scale enterprise-wide solutions on a global basis.

A suite of generic, or foundation, modules underpin the power and security of the Financial Studio FRP solution. These include an industry standard data model, highly flexible multi-dimensional reporting hierarchies, powerful archiving tools, audit trail and historical information management, and rule-based engines. 

About FinArch

FinArch (Financial Architects nv), with offices in the major financial centres worldwide, is a global value leader in providing a new generation of financial management software. The concept of the platform and the integrated approach of the different modules enable innovative financial institutions to quickly implement tactical solutions meeting the overall strategic objectives in financial reporting. FinArch provides a unique blend of domain expertise, operational services, and technology solutions that accelerate and facilitate financial institutions’ ambition to implement a cost effective and reliable financial management platform.

www.finarch.com

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