Microgen Financial Systems today announced that Meritus Trust Company (Meritus), a newly formed trust company in Bermuda, has selected Microgen 5Series, its market-leading Trust and Corporate Administration software.
In order to increase its competitiveness within the industry, Meritus recognises the value of investing in software that automates key business functions and that gives it the flexibility and control it needs from day one. The implementation of Microgen 5Series will enable Meritus to reduce operational risk, avoid information duplication, and more importantly, remove any constraints on the company's ambitious growth plans.
Microgen 5Series is an easy to use and modern solution that Bermuda-based Meritus has been able to configure to meet its business needs, rather than the business having to adjust to the way the software has been designed.
Its flexible architecture will ensure that as the company evolves, the system can simply be adapted by business users to accommodate their evolving requirements. With its modern architecture and intuitive design, Microgen 5Series is much simpler to implement, learn and use than older, more cumbersome systems on the market. As a start-up, Meritus was also attracted by the annual licence fee payment model for the solution. This makes it much financially easier for smaller companies to access the professional and modern IT systems they need to effectively challenge their competitors.
“The regulatory landscape in which we operate is complex and we wanted to invest now in Microgen 5Series to ensure that we had the right level of control across the business. Ensuring that our business processes are well defined gives us the confidence that we're adhering to best practice across the organisation at all times,” said Michelle Wolfe, Managing Director, Meritus.
“All too often, software vendors have prohibitive cost structures that lead to many new companies muddling along with Excel spreadsheets, which is time-intensive and prone to risk. We didn't want to operate that way and it's great that Microgen is making flexible and professional software accessible to businesses regardless of their size.”
Meritus evaluated a number of technology solutions. It found Microgen 5Series to be the most functionality rich, intuitive and flexible and was therefore the solution that was best placed to meet its business needs. In addition, Microgen has intricate knowledge of the Caribbean marketplace, already working with 35 companies in the region and many more globally.
“The Meritus board has a lot of experience and understands the business value of investing in software that demonstrates to the market and potential clients that it is a professional, modern and forward-thinking company. This is especially important in such a competitive environment and undoubtedly Microgen 5Series will help to establish the company,” said Simon Baines, Managing Director, Microgen Financial Systems Division.
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