Prescient chooses Vermilion for reporting and communications platform

Source: Vermilion Software

Vermilion Software ("Vermilion"), a market leading provider in client reporting and communications software, announces its selection by Prescient Administration Services ("Prescient"), the fund administration business of Prescient Holdings to provide a best-of-breed client reporting and communications solution.

Prescient will be utilising Vermilion Reporting Suite ("VRS") as a hosted solution on Eagle Investment Systems' ("Eagle") data centre to deliver automated quarterly reviews, report packs, GIPS reports and factsheets. This investment will enable Prescient to increase the quality and production of their communications to better service clients. Prescient is the first client to use the fully integrated EagleACCESSSM and VRS solution.

The provision and extraction of data into a client reporting solution can be a challenge for asset management firms. As a result Eagle and Vermilion have worked together to provide the market with a seamless, integrated, hosted solution that combines a best of breed data management solution with a client reporting and communications solution on a tried and tested, secure, hosted platform.

This cost-effective solution provides a value price point that allows firms to leverage the investment that Vermilion and Eagle have made in providing the operational tools necessary to make client reporting and communications an easily repeatable process.

By reducing implementation time and increasing internal efficiencies, the platform enables firms to spend more time delivering information to their clients and less time on data management and the unique workflow requirements for assembling complex client communication documents.

Simon Cornwell, Director of Sales and Marketing at Vermilion said "We are very pleased to be selected by Prescient. This new selection shows our strength in providing the market with solutions to solve pain points for our clients. Prescient selecting the new integrated platform is an excellent start to the alliance between Vermilion and Eagle. Vermilion's core focus is to provide a best-of-breed client reporting and communications solution and to ensure that we keep this product market relevant. The complexities around data management and client reporting have always existed so it was a naturaal fit to align the two products to provide a solution that will reduce overall costs to our clients and streamline this process."

Craig Mockford, Chief Operating Officer at Prescient said "Part of our strategic plans to provide best-in-class service to existing and new clients was to implement a scalable client reporting and communications platform to deliver high-quality reports in a timely and efficient way. During the vendor selection process it became very clear that Vermilion Reporting Suite was the right fit for Prescient. We were then advised that an integrated solution existed between Vermilion and Eagle making the value proposition even more compelling."

Jeremy Skaling, Head of Product Management at Eagle Investment Systems commented "We are pleased that Prescient, which is already an Eagle client, has selected the integrated client reporting platform. The objective of the Eagle-Vermillion alliance is to provide our joint and prospective clients with a seamless solution that helps move their businesses forward. By teaming Eagle's award winning data management solution with Vermilion's client reporting and communications suite, we have created a robust platform unmatched in the industry today." 

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