25 Oct
Independent Asset Manager benefits from a rapid return on investment when implementing SS&C's reconciliation solution
WINDSOR, CT, October 24, 2012 (GLOBE NEWSWIRE) - SS&C Technologies (NASDAQ: SSNC), a global provider of investment and financial software-enabled services and software, today announced that Fulcrum Asset Management LLP, a London-based independent asset management company, has gone live on Recon™ to improve operational efficiency and support growth.
Fulcrum replaced largely manual reconciliation processes including settlement-date cash-balance reconciliations, trade-date cash, transactions and holdings reconciliations across multiple asset classes. With Recon, Fulcrum uses an automated, integrated solution to support the different stages of the reconciliation lifecycle. Recon's sophisticated exception management capabilities improve operational efficiencies and reduce costs.
"We introduced SS&C's Recon to streamline our reconciliation process across the firm which has proved effective in controlling operational risks whilst giving enhanced scalability as we continue to grow our business," said Sean Onyett, Investment Operations Manager, Fulcrum Asset Management. "We like the fact that we are purchasing a proven reconciliation system which has the flexibility to be customised to meet our business needs by SS&C's experienced consultants."
"We are delighted to welcome Fulcrum as a client, an asset manager who focuses on best-in-class technology and workflow for its operations," said Dave Reid, Senior Vice President and Managing Director, International, SS&C Technologies. "The Fulcrum management team leveraged SS&C's technology and expertise to provide an enterprise-wide view of critical business activities and respond quickly and effectively to evolving market needs."
About Fulcrum Asset Management LLP
Fulcrum Asset Management is an independent asset management
company with an experienced investment team of economists,
portfolio managers and risk experts. They invest across
global markets and asset classes with a range of absolute
and relative return strategies.
Fulcrum Asset Management LLP is authorised and regulated by
the Financial Services Authority, firm number 230683. For
more information please contact: info@fulcrumasset.com
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. Some 5,500 financial services
organizations, from the world's largest institutions to
local firms, manage and account for their investments using
SS&C's products and services. These clients in the
aggregate manage over $26 trillion in assets.
Additional information about SS&C (Nasdaq:SSNC) is
available at www.ssctech.com.
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