SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced the latest release of HiPortfolio, its leading investment accounting and asset servicing software.
There are several advanced features introduced to HiPortfolio. The latest version further automates corporate actions, income announcements and auditing, and streamlines unit pricing workflow and reconciliation operations to help move towards straight-through-processing. Another significant development includes improved interoperability with other systems to support integration of critical accounting data and reporting. In addition, the release expands the franking credits functionality to better handle localized tax reporting and rules in Australia.
“Our customers are turning to HiPortfolio’s sophisticated features to streamline complex operational processes while keeping pace with client demand for better transparency and reporting,” said Christy Bremner, Senior Vice President and General Manager, SS&C’s Institutional & Investment Management division. “We have a number of customers upgrading to the latest release of HiPortfolio and we are committed to helping our customers simplify their investment operations."
HiPortfolio is an award-winning investment accounting and asset servicing solution which supports the investment management operations of third-party administrators (TPAs), custodian banks, asset managers and insurance firms globally. With broad instrument coverage and an unrivalled depth of transaction processing, HiPortfolio manages the full investment transaction lifecycle from trade capture, investment accounting and fund administration, cash management, reconciliation, corporate actions processing, unit pricing and taxation through to performance measurement and attribution.
Contributed | what does this mean?