GlobeNewswire
2012-07-31
Large Financial Institution Streamlines Investor Document
Processing and Enhances Compliance
WINDSOR, Conn., July 31, 2012 (GLOBE NEWSWIRE) -- SS&C Technologies
(Nasdaq:SSNC), a global provider of financial services software and
software-enabled services, today announced the general availability of
SS&C GlobeOp's new investor document processing and management
solution, e-Investor(TM), for hedge funds, fund of funds, private
equity funds and managed account organizations.
In the alternatives industry, managing paper-based investor transaction
documents, such as subscriptions and redemptions, is laborious,
time-consuming, and fraught with risk. SS&C GlobeOp's e-Investor
provides an electronic workflow solution, including web-based
completion of investor documents reducing operational risks, speeding
up transaction processing and achieving high levels of data quality and
integrity.
In early 2012, a major financial institution deployed SS&C GlobeOp's
e-Investor to automate its investor subscription processing. Secure
web-based access was granted to its sales force to complete
subscription documents online for clients, improving data quality and
controls, and providing transparency into the investor activity. This
is integrated with SS&C GlobeOp's fulfillment capabilities, which takes
real-time feeds from the financial institutions' prospecting system and
automatically posts the appropriate documents to a secure website where
the prospect can gain access.
"We are excited to offer this robust yet flexible solution to the
alternative investments marketplace." said Bill Stone, CEO, SS&C
Technologies. "This solution brings automation and web capabilities to
the processing of investor transaction documents, regardless of format
or content requirements. This greatly reduces the risk of errors or
omissions in the processing of these transactions while providing
greater visibility into investor activity."
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled
services and software focused exclusively on the global financial
services industry. Founded in 1986, SS&C has its headquarters in
Windsor, Connecticut and offices around the world. 5,500 financial
services organizations, from the worlds' largest to local financial
services organizations, manage and account for their investments using
SS&C's products and services. These clients in the aggregate manage
over $16 trillion in assets.
Additional information about SS&C (Nasdaq:SSNC) is available at
www.ssctech.com.
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CONTACT: Patrick Pedonti
Chief Financial Officer
Tel: +1-860-298-4738
E-mail: InvestorRelations@sscinc.com