SS&C Technologies (Nasdaq:SSNC), a global provider of investment and financial software-enabled services and software, today announced that Bombardier has completed a multi-phased implementation of SS&C's asset management software-as-a-service (SaaS) platform for its U.S., U.K. and Canadian pension plans' investment activities.
The roll-out is part of Bombardier's initiative to automate operational processes and support growth into increasingly sophisticated investment strategies.
Bombardier selected SS&C because of its fixed income and derivatives expertise, rebalancing capabilities and custodial data integration. SS&C worked closely with Bombardier's Pension Asset Management Service to implement an integrated front-, middle-, and back-office solution, providing a consolidated book of record and reports.
"We are very pleased with how SS&C's asset management platform has transformed our operational processes," said Dominique Paquay, Director, administration and accounting of the Pension Asset management Service of Bombardier Inc. "The benefits of having a robust integrated platform from an established partner made it an easy decision to go with SS&C."
"We are delighted Bombardier has gone live on our integrated product suite," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "With our cloud-based platform we introduced a best-in-class workflow between Bombardier's trading and operations teams."