MBS signs international technology deal with Centralis

MBS has today announced the signing of a technology agreement with Centralis. MBS has 19 staff and is based in Tromode business park on the Isle of Man. 

It is a leading technology provider to over 300 clients in 40 jurisdictions, notably to the wealth management sector. Centralis is a market-leading outsourced corporate services provider to multi-national organisations, private equity houses, international fund structures, real estate firms and private individuals, and is headquartered in Luxembourg with 170 staff in offices worldwide.

Under the terms of the deal, MBS will provide Laserfiche, the leading intelligent content management and process automation system. Centralis will migrate its existing documents to Laserfiche across all its offices. This will enable staff to rapidly and securely access the documents they need from anywhere in the world and also enable many business processes to be automated. This is intended to raise staff productivity and client service.

This is part of a wider agreement with TrustQuay, the leading technology provider to the corporate services, trust and fund administration markets. Centralis will migrate its existing multiple systems to TrustQuay NavOne. Included in the agreement is the new TrustQuay Portal, which will allow Centralis’ end-clients to have a unified view across all their structures, including corporate entities and wealth trust assets.

Together, NavOne and Laserfiche will enable many business processes to be automated as the core part of Centralis’ plans for digital transformation.

Rupert Leaton, Managing Director of MBS, told B365: “Centralis has ambitious plans to use technology to deliver world-leading client service and operational performance. I am thrilled that Centralis has chosen MBS to be a partner on this exciting journey, working closely with TrustQuay. MBS will provide Laserfiche which is widely used in the wealth management sector worldwide and has proven capabilities to help Centralis achieve digital transformation.”

Aidan Foley, Chief Executive of Centralis, added: “Following a competitive selection process, TrustQuay and Laserfiche stood out as the best solution in all respects compared to the competition to deliver the scalability we need to support both our organic and inorganic growth plans. Laserfiche showed itself to be an excellent document management system with impressive process automation capabilities. 

“We were also impressed by TrustQuay’s product investment and future roadmap, including the new TrustQuay Portal, which will allow us to leverage all our existing data, providing our end-clients with complete access to their information in a controlled and secure way.

“Together, NavOne and Laserfiche will enable Centralis to improve operational effectiveness and give our clients faster, better service than ever.”

Keith Hale, Executive Chairman of TrustQuay, stated:“We are delighted to expand our client base in Luxembourg by partnering with Centralis, one of the leading international providers in the corporate services market. This follows the recent investment in our Luxembourg operations with our office opening in 2020 and new appointments to the local team.As we enter 2021, we expect to see an acceleration of providers digitally transforming their businesses as well as their client engagement, and we look forward to working closely with Centralis to support them on this journey.”