|By Business Wire||
|June 19, 2014 07:04 AM EDT||
Vermilion Software, a leading supplier of client reporting and communications software, announces that it has achieved a key milestone in the deployment of the Vermilion Reporting Suite at Schroders.
With a demanding schedule of more than 2,300 institutional valuation reports to produce within exacting timeframes each month, Schroders requires a client reporting solution that can handle high volumes in a scalable and efficient way. The completion of this first phase of the client reporting project in its operational hubs in London and Singapore represents a key milestone for the firm as it progressively enhances its offering to a global client base. The successful deployment of the Vermilion Reporting Suite for valuation production also lays the foundations for Schroders’ investment reporting including commentary, graphs and analytics with this second phase of the project also in the early stages of live production.
Matthew Lees, Head of Portfolio Accounting at Schroders in London stated, “The Vermilion team have played a key role alongside our business and IT users in the project leading to this successful first phase of deployment.” Matthew continued, “We now have over 40 users in London and Singapore utilising the Vermilion Reporting Suite, including technical business users who can carry out a growing range of reporting changes without the need for IT support.”
“Schroders is a dynamic and innovative company,” stated Simon Cornwell, Global Sales and Marketing Director at Vermilion Software “The successful completion of this first phase of its project demonstrates Schroders’ commitment to building client confidence by delivering high-quality, reliable and engaging reports.”
About Vermilion Software
Vermilion Software is a leading global provider of client reporting technology and services to the asset management industry. The Vermilion solution is designed to deliver accurate, flexible, and scalable client reporting and communications, empowering client service professionals to deliver multilingual, graphical, marketing-quality reports, that are created through an automated process.
About Schroders plc
Schroders is a global asset management company with £268.0 billion (EUR324.1 billion/$446.8 billion) under management as at 31 March 2014. Schroders clients are major financial institutions including pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors.
Further information about Schroders can be found at www.schroders.com.