SS&C Technologies (Nasdaq:SSNC), a global provider of investment and financial software-enabled services and software, today announced that Veritas Asset Management, a London-based independent investment company, has gone live on Recon™ to improve operational efficiency and support growth.
SS&C's Recon helped Veritas eliminate time-consuming, error-prone manual spreadsheets and provide accurate reconciled data across its operations. A point that influenced Veritas was Recon's sophisticated exception management capabilities which will support the company's future growth and control operational risk, without adding additional staff.
"SS&C's Recon has revolutionised our reconciliations process and given us the tools to improve efficiency in our operation whilst we continue to experience significant growth in our business," said James Spence, Investment Operations Manager, Veritas Asset Management. "What impressed me most were SS&C's personnel and their understanding of our business. We worked closely with the team at SS&C to map out our reconciliation processes and tailor Recon for our company; this partnership approach was essential in helping make this such a successful project."
"We would like to welcome Veritas to our blue chip roster of hedge funds and investment management clients and are pleased that we were able to help them streamline their operations," said David Reid, Senior Vice President and Managing Director, International, SS&C Technologies. "Reducing operational risk for our clients while meeting their demands for a customized platform and providing a high level of industry and technology expertise is an integral part of SS&C."