Vermilion Software (Vermilion), a market-leading provider in client reporting and communications software, today announced that Ashmore Group plc (Ashmore), one of the world's leading investment management groups dedicated to Emerging Markets, has now gone live with Vermilion Reporting Suite.
This provides a single client reporting and communications solution for its operations worldwide. Due to close integration between Ashmore and Vermilion Software the project took less than four months to complete.
Ashmore made the strategic decision to implement an automated client reporting solution to ensure its internal resources and processes were efficiently employed, increasing the productivity and quality of reporting whilst reducing administration costs.
During the selection process Vermilion successfully delivered an operational prototype which demonstrated how Vermilion's solution would integrate with Ashmore's data source, utilising existing systems in order to extract and re-use audited data. This process also provided the necessary analysis to ensure that the project was phased appropriately to delivery each of Ashmore's business requirements.
Vermilion's flagship product, Vermilion Reporting Suite (VRS), is designed to deliver accurate, flexible, and scalable client reporting and communications through a streamlined workflow process. Ashmore will be utilising VRS for the global production of factsheets, statement holdings, and quarterly investments reviews.
Commenting on the occasion, Paul Smillie, Head of European Sales of Vermilion, said, "We are very pleased to announce the go live with Ashmore. The successful implementation of VRS further demonstrates the flexibility of our product and the knowledge required in providing the market with a solution that is both scalable and flexible enough to solve pain points for our clients such as data extraction and integration with established business systems."
Graeme Donald, Group Head of IT of Ashmore said, "During the vendor selection process it became very clear that Vermilion Reporting Suite provided the necessary tools for us to deliver the quantity and type of reporting required. We were impressed by the expertise Vermilion displayed in delivering the operational prototype and now going live with the delivery of our global factsheets."