MFund Plus, the new system, services asset management entities, portfolio management entities, banks, life insurance firms, general insurance companies and others. Its key features include real time limit monitoring, scenario building, comprehensive dashboards, integrated investment systems, better internal controls and basically the seamless flow of data from deal initiation to accounting, said the firm in a statement.

The launch comes as more Indian companies are increasing investment in IT-related endeavours.

According to the latest American Express/CFO Research Global Business and Spending Monitor, 100 per cent of chief financial officers in India plan to increase their spending and financial activities in 2014, particularly in areas of IT and financial reporting. Seventy per cent of the respondents in this survey agreed that iIT will contribute most to their growth strategies by improving efficiency and productivity, while reducing costs. Seventy-seven per cent of Indian CFOs said IT will improve management decision making, while 57 per cent look at it for improving financial reporting and analysis.