Finnish pension provider Varma has implemented Ortec Finance’s long-standing investment performance management software, Pearl, saying the product has improved its ability to see where in the portfolio performance is coming from.

According to Ortec, the €57.5bn mutual pension insurer – one of Finland’s biggest two such mainstays of the private-sector earnings-related pension system – had been aiming to improve its existing performance measurement capabilities to cover all decision-making levels and decisions made within the investment organisation, and to distribute the performance data within the organisation flexibly and efficiently.

The Rotterdam-headquartered technology company said it provided Varma with a “Software as a Service” (SaaS) setup of its Pearl product, which was implemented in phases over a 12-month period.

Antti Ihalainen, head of middle office at Varma, said: “Ortec Finance’s Pearl solution has truly enhanced our performance measurement and attribution capabilities.

“Varma’s investment organisation benefits from increased understanding of the sources of value-added and from detailed assessment of our investment decisions,” he said.

The product had given Varma invaluable insights into its investments, streamlined investment portfolio reporting, and made the organisation more adaptable for any possible future changes in our investment processes, according to Ihalainen.

He described the implementation as smooth with training from Ortec Finance, and said it had been completed on time and within budget.

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