Source: RR Donnelly
R. R. Donnelley & Sons Company (Nasdaq:RRD) announced today that HedgeServ will use the RR Donnelley ArcReporting solution for the creation of its clients' financial reports.
HedgeServ is an independent, full-service global fund administrator headquartered in New York City and Dublin.
Using the ArcReporting tool, HedgeServ can now import data to automatically produce complete alternative fund financial statements, including statements, footnotes and related disclosures.
Justin Nadler - Co-Founder & President: "We now have a fully mapped and automated template for creating fund financial statements, with integrated proofing tools that allow us to cross-check the various data sources. This improves the accuracy and efficiency of the financial statement production and review process internally for HedgeServ, for our clients and the funds auditors."
Marcus Malley - Managing Director & Head of Financial Reporting: "This is a major step forward for us in terms of efficiency. This fully automated financial statement reporting solution is designed to meet the specific requirements of alternative funds and will continue to help us deliver exceptional service to clients."
Eric Johnson, RR Donnelley's Senior Vice President, Global Investment Markets, said: "We are very pleased to have the opportunity to meet the needs of HedgeServ. Our solution is designed to be effective for all fund structures including mutual funds and hedge funds, across multiple domiciles. It leverages technology to provide intuitive financial reporting controls and mitigates the risks associated with producing financial statements."
The ArcReporting application manages and simplifies the increasing complexity of fund reporting, delivering both data management capabilities and outputting into various publishing formats. ArcReporting is part of FundSuiteArc®, an online, self-service content management platform that stores and manages information in a central repository so compliance and regulatory documents can be easily accessed, edited and rendered.