Liverpool Victoria Asset Management (LVAM) will implement an enterprise data management system from Cadis Software, as it moves to better integrate data in its front and back offices.
The company said it would achieve a “rapid” return on investment after implementing the software.
The Cadis EDM suite, which is based on Microsoft .Net and SQL Server technology, will go live and three months and will become the central platform for LVAM’s infrastructure.
The asset manager said the product would be important to its future growth. It will use the software to manage the data that feeds order management, compliance, accounting and risk systems in a consistent way.
Richard Acela, senior systems analyst at LVAM, said: "Cadis provides us with a foundation of cleansed and audited data, enabling us to fulfil our growth aspirations.”
Cadis, formerly known as Citadel Associates, was chosen for its effectiveness and quick implementation time, Acela said.
At the start of the year, parent group Liverpool Victoria cancelled a £160 million outsourcing deal with EDS, choosing instead to work with multiple outsourcers. It has since appointed Atos Origin with a smaller infrastructure services deal and is expected to be considering other service providers.