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Neoulogic Solution

Neulogic Solutions Limited has presented a commercial offer for the licensing and implementation of the Symplus Asset Management Applications to Blue Marina Asset Management Limited. The implementation is expected to take 12 to 16 weeks, requiring 10 user licenses for back-office applications, with additional users available as needed. The total initial payment is estimated at N76,300,000, with subsequent annual fees of N19,000,000, and all prices exclude VAT and customization costs.

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MALEEQ JOHN
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8 views3 pages

Neoulogic Solution

Neulogic Solutions Limited has presented a commercial offer for the licensing and implementation of the Symplus Asset Management Applications to Blue Marina Asset Management Limited. The implementation is expected to take 12 to 16 weeks, requiring 10 user licenses for back-office applications, with additional users available as needed. The total initial payment is estimated at N76,300,000, with subsequent annual fees of N19,000,000, and all prices exclude VAT and customization costs.

Uploaded by

MALEEQ JOHN
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Neulogic Solutions Limited

13/14 Olusoji Idowu Street,


Behind Aret Adam House
(Mutual Benefits Assurance)
Ikorodu Road, Ilupeju Lagos.
RC: 1022791 Tel: +234 1 296 6963; 01 295 7051
[email protected]
14th March 2025 www.neulogicsolutions.com

The Managing Director,


Blue Marina Asset Management Limited,
10 Keffi Street,
S/W Ikoyi,
Lagos.

Attention: Innocent C. Ike

Dear Sir,

COMMERCIALS FOR THE LICENSE AND IMPLEMENTATION OF SYMPLUS ASSET


MANAGEMENT APPLICATIONS

Following our presentation to your team, we are pleased to present to you our updated offer for your
consideration. Please find attached the commercials.

Implementation is expected to be between 12 weeks - 16 weeks. However a project start meeting


between Blue Marina and Neulogic team will be scheduled to review project activities and final timeline.

We estimate that 10 user licenses will be required for the back-office applications for this deployment.
However, customer portal platform is available to all your clients who need access. Additional users can
be licensed in future as your business scales up.

The Symplus application will implemented as it is, however, we are open to discuss customisation
request to meet your operational need. Please also find attached product profile of the different modules

Once again we thank you for the opportunity and look forward to working together.

Yours faithfully
For: Neulogic Solutions Limited

Chris Ekeocha
Chief Operating Officer
1. APPLICATION LICENSING - PERPETUAL LICENSE ANNUAL SUBSCRIPTION
ON OUR MANAGED CLOUD
S/N Description Perpetual Annual
License Fee Subscription
10 users Fee 10 user
1. Core Module
 System Administration
 Customer Information System
 General Ledger
 Customer Account
 Cash Account
Asset Management N60,000,000 N20,000,000
 Individual Funds
 Unitized Funds
 Non- unitized Funds
 Client Trade
 Investment
 Fixed Asset
2. Discount N5,000,000 N1,500,000
3. Total cost for back office N55,000,000 N18,500,000
applications

2. Customer Portal Application


1 Customer Web Portal (Asset N7,500,00 N2,500,00
Management) unlimited customer 0 0
access

3. Implementation fee - one off


1 Implementation fee Asset Management N6,000,00 N6,000,00
0 0

4. Training
1 User Training per user N100,000 N1,000,000 N1,000,000
Administrator training maximum of 2 @
N150,000 300,000 N300,000

Total for Training N1,300,00 N1,300,00


0 0

5. Infrastructure
1 Annual infrastructure and hosting N6,500,00 N6,500,00
(Application, 0 0
DB & Portal) servers

6. Total
1. Total Consideration initial payment N76,300,000 N34,800,000
2. Subsequent Annual recurring fee N19,000,000 N27,500,000
7. Optional Services
S/n Description Fee

1. Standard API Service Annual Fee N2,050,0


00
2. Test Cloud Infrastructure Annual Fee N3,000,0
3. Payment Gateway (Flutterwave or Paystack) - one off 00
4. payment Data Access Layer Application- one off fee N2,500,0
00
N6,500,0
00

Please note:
 Implementation is on our managed cloud
 Prices above exclude VAT, this will be charged as addition.
 Integration to third party application will require technical document and
engagement with your third party technical team and this will come a cost
 20% on Cost of backoffice and portal
 Prices stated above are valid for 30 days.
 All cost exclude customization requirement. This will be mutually negotiated
 Payment Terms: 70% on signon, 30% on go live, Infrastructure 100%
 Request for additional users will be discussed when the need arises.

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