SS&C Technologies Holdings, Inc. (NASDAQ: SSNC), a global provider of financial services software and software-enabled services, today announced that VanCity and Lucie and Andre Chagnon Foundation are the latest firms to select SS&C's Global Wealth Platform (GWP).
Both companies will use the Software-as-a-Service (SaaS) solution, hosted out of SS&C's SSAE 16 Data Center in Toronto, Canada.
In selecting GWP as their new core investment management platform, the firms share a common goal to drive growth while improving operational efficiency. GWP provides real-time processing that is completely web-based, supporting all core account management processing. This includes trading, modeling, portfolio accounting, investor prospecting, account aggregation and reconciliation, account management and reporting.
"GWP will provide us with core account management and reporting capabilities and will automate workflow at the Foundation," said Mathieu Poulin, Vice President, Investments, Lucie and Andre Chagnon Foundation. "SS&C's GWP has proven itself as the market leader for wealth management technology and has a deep understanding of the market, and most importantly, our business model."
"GWP not only provides us with a full front office solution as well as core account management, from modeling and trading to compliance," said Allan Pankratz, CFA, Vice President, Vancity Investment Management Ltd. "GWP's tight integration between front, middle and the back office will enable us to achieve multiple business objectives from an operational perspective and enable better customer experiences."
"The signing of these two new Canadian firms increases our strong momentum and illustrates the breadth of the GWP platform," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "We look forward to working with all of our new customers to help them drive their growth and improve their operational efficiencies."