Hamburg, 5. August 2020 – easol GmbH (easol), a joint venture between third-party Service-KVG INTREAL and control.IT Unternehmensberatung GmbH (control.IT), has established a partnership with Boreales GmbH, the Hamburg-based independent IT consultancy company, to use the ALL.FONDS modules on the easol platform. Boreales designs and implements complex IT landscape and specialises in advising customers from the property and financial sectors. Boreales’s range of services is complemented by the development, consulting and implementation of SAP-based special products for indirect property investment. In future, easol customers will also be able to use these modules.
One example of these modules is ALL.FONDS PEP, a platform for calculations relevant to the unit price for open-end property funds. Another example is ALL.FONDS AGP, which checks investment compliance for property funds regarding statutory restrictions, contractual terms and the fund profile.
Kay von Witzler, Managing Director of Boreales GmbH: “The partnership with easol is a key step for us. With our specialised modules, it allows us to reach even more property investment management companies.” The easol platform currently maps around €40 billion in assets in digital form
Markus Schmitt, Managing Director at easol, commented: “Integrating Boreales’s modules into the easol ecosystem allows us to even better meet the needs of asset management companies in the property sector. Boreales is a very experienced partner that serves many established investment and property companies on the market.”
Looking ahead to the future, Marko Broschinski, Managing Director at easol, said: “For the asset management companies, it is also important that all SAP-based applications of the easol platform will run on the SAP S/4HANA technology from 2021 onwards. Of course, this also applies to the Boreales module. The change of technology has major advantages: if desired, SAP S/4HANA can be used on a cloud basis and it ensures an agile, open, secure and absolutely reliable IT infrastructure.”