Mi-Pay have created an offshore development partnership with Softech.  For Mi-Pay, this provides all the traditional benefits of offshoring technological development, primarily the need to compete in an increasingly competitive environment at reduced cost.  Mi-Pay chose Softech as a partner because of the financial industry experience, the commitment of the executive team to ensure quality delivered results and the fluency of English to ensure development requests were understood.  Mi-Pay are delighted with the initial results of work undertaken and are now in the process of extending its strategic relationship with Softech.

NAFA has been using Softech developed Mutual Fund Management Product, AssetConnect, for over two years now. Based on our evaluation of different local and international vendors and products at the time of purchase, we found this product to be rich in business functionality and compliant to local market regulations. Moreover, we were fairly impressed by the deep domain expertise of the Softech team in this sector. 

NAFA has been able to automate all its business processes on this product which offers a integrated multi-fund system, with strong compliance built-in, and with comprehensive unit management, portfolio management and GL modules. All calculations and accounting functions are detailed and accurate, resulting in correct daily NAV calculation. It allows us to grow without limit, from hundreds to thousands of clients and transactions daily. AssetConnect also provides web based online modules for processing transactions at trustee and transfer agent which no other competing product offers.  It is now a mature product, with very few additional problems being reported over a period of time. We receive prompt support from the AssetConnect support team, who are able to solve all of our problems through remote access from Lahore. The support and development team is sufficiently skilled and has a deep understanding of the client business requirements. We would strongly recommend this product to anyone.

"JS Investments Limited is the first private sector asset management company in Pakistan. In order to provide an end to end automation in our transaction processing, we chose Softech Systems to provide us with their flagship asset management system. We selected Softech Systems based on their technology expertise as well as expertise in the financial sector. Our choice paid off, as they provided a comprehensive end to end integrated system, which completely automated all of our transaction flow, allowing us to handle increased business volume which would not have been possible without their system. The system is currently managing a total of 16 funds and is in live use since last 3 years now. We are now using two flavors of their systems, for pension funds as well as regular mutual funds. The product is extremely flexible and user-friendly, allowing us to setup and launch new funds having a mix of investment composition without the vendor involvement. We get prompt support from their capable and knowledgeable team, who resolve software problems quickly and efficiently."