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COMPIRICUS acquires further 50 percent of Comnserv

March 21st, 2018. COMPIRICUS Inc. today announced the acquisition of further 50 percent of investment accounting services specialist Comnserv from their previous joint venture partner ConVista. Thus COMPIRICUS holds 100% of the company shares.

Jorg Pappert, President & CEO of COMPIRICUS, commented “Our partnership to date has been very successful. With this step COMPIRICUS is further strengthening its hosting and outsourcing business in the FAM/TRM area, and sees potential for growth in the US market in particular. The goal is to significantly expand the business”.

About COMPIRICUS:

SAP experts in Treasury, Asset and Risk Management

COMPIRICUS is one of the leading international consultants and vendors for Treasury, Asset and Risk Management applications primarily in the SAP environment. As an implementation and development partner, we are familiar with the SAP Treasury Management module, the SAP Financial Asset Management module as well as the SAP Consumer Mortgage Loans module from the very first line of code and have been successfully helping renowned customers to design, implement and customize their systems for more than 20 years. Thanks to many successful installations and long-term customer relationships COMPIRICUS has proven to be a reliable partner over the years.

New functionality for US Separate Accounts

Boston, March 9th, 2017. ComnServ, Inc. has announced the release of new functionality to enable SAP-Financial Asset Management (FAM) to handle the accounting and operational requirements for US Separate Accounts. ComnServ is the joint venture created by COMPIRICUS Inc. and ConVista Consulting Corporation to market, implement and support the SAP FAM Investment Accounting application.

“Our newly released SAP-FAM functionality allows clients to process both NAV (Net Asset Value) and NUV (Net Unit Value)”, quotes Scott Ferrante Co-CEO of ComnServ. “This, in addition to SAP FAM’s proven NAIC Reporting model, allows for the handling of these accounts with one system where many competitor solutions require the use of multiple systems and/or manual spreadsheets to meet the same objective.”

Jörg Pappert, Co-CEO of ComnServ states, “We have coupled SAP-FAM’s robust NAIC capabilities with our NAV module used for complex European fund structures to create an operationally efficient, reduced risk process to handle US Separate Accounts requirements.”

COMNSERV uses for their Cloud Services the SAP based NAIC reporting FS-SR-US which helps to create the quarterly and annual reporting for your investments. The software converts all of your company financial investments into the NAIC required formats and provides inbound and outbound interfaces.

The reporting solution is integrated in the software architecture of SAP’s Financial Asset Management application (FAM) and in the SAP support process via service market place.

For more information see www.ComnServ.com.