“All fund details, data feeds and full transaction history are moved across and a copy of the fund remains with the old subscription. The new feature helps not only users who have a client moving from another firm to another, but also firms merging or splitting,” said Mr Lesh.

“This was the number one feature requested by clients. In the past, BGL had to handle this process much of which involved manual loading of files and data input.”

Mr Lesh said the fund transfer process is expected to save users hundreds of hours each year.

“I’m glad to see the team are keep constantly adding value to our software solutions and being pioneers in what we do,” he said.