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SS&C reports Recon contract win

05 April 2011  |  1938 views  |  0 Source: SS&C

SS&C Technologies (Nasdaq:SSNC), a global provider of investment and financial software-enabled services and software, today announced that a US-based independent broker-dealer has selected SS&C's Recon to automate its synthetic position reconciliation process on an enterprise level, with plans to process hundreds of thousands of transactions per day.

The broker-dealer required a reconciliation solution that could replace the current system and offer pinpoint performance analysis between any two dates. After an extensive evaluation process, the client chose SS&C's Recon because of its proven ability to handle high transaction volumes, .Net technology platform, and flexible workflow capable of real-time updating of tertiary systems for improved accounting and reporting.

"SS&C's Recon enables financial services firms of all types a superior and scalable reconciliation solution," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "By further automating the enterprise reconciliation process, Recon can help financial services firms minimize costs, focus on exceptions and provide better transparency to improve their business."

Recon is a leading scalable, enterprise-wide reconciliation solution for investment managers, broker-dealers, hedge funds, insurance companies, banks and other financial institutions.

 

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