WINDSOR, Conn., Oct. 25, 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: firstname.lastname@example.org.
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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CONTACT: For more information Patrick Pedonti Chief Financial Officer Tel: +1-860-298-4738 E-mail: InvestorRelations@sscinc.com Media Contacts Caroline Beer Metia (UK) Tel. +44 (0)20 3100 3796 Email: email@example.com Jason Abrams Metia (US) Tel: +1 917 320 6451 Email: firstname.lastname@example.org