The Vermilion solution allows firms to fully automate the full client reporting and communication cycle. Designed to fit into existing and established business processes, it is underpinned by a total process audit feature, satisfying corporate demands for compliance, marketing requirements for branding, and business requirements for timely, accurate and professional reports.

The project was conducted as a partnership with a Vermilion implementation specialist cross-training the marketing team of Principal Global Investors for the purposes of delivering large volumes of multilingual factsheets. The project was delivered in a phased approach and Vermilion was able to provide best practice solutions to assist Principal Global Investors in consolidating reporting components and standardising templates in order to achieve a streamlined month-end process conducted in dramatically tighter time frames.

Commenting on the occasion, Alan Beer, COO of Vermilion Software said, "We are delighted to have implemented Vermilion Reporting Suite at Principal Global Investors and it is great that they are already realising the benefits of a reduction in cost and production timelines, as well as an automated translation service for over six different languages. Principal Global Investors' decision to select Vermilion demonstrates Vermilion's market-leading ability to provide a transparent, proven method of streamlining report production processes and create standard 'end to end' foundations in partnership with the client.

Christopher Reddy, President & COO of Principal Global Investors (Europe) and Head for Glob Marketing added, "We recognised Vermilion's expertise in client communication and the value they offered to our clients through their integrated workflow, quality reports and multilingual translation service.

Principal Global Investors UCITS fund range has experienced strong growth in net inflows over the last few years and we expect to see that growth continue. We e required a system that was scalable for our global multi-boutique business with flexible reporting services. Our factsheets now have a single-style template that allows us to extend the leverage of our data warehouse to provide data consistencies and cost efficiencies. Ultimately, the new style guidelines convey a clear, modern brand image on a global basis.