WINDSOR, Conn., May 31, 2011 (GLOBE NEWSWIRE) -- SS&C Technologies (Nasdaq:SSNC), a global provider of investment and financial software-enabled services and software, today announced that Veritas Asset Management, a London-based independent investment company, has gone live on Recon™ to improve operational efficiency and support growth.
SS&C's Recon helped Veritas eliminate time-consuming, error-prone manual spreadsheets and provide accurate reconciled data across its operations. A point that influenced Veritas was Recon's sophisticated exception management capabilities which will support the company's future growth and control operational risk, without adding additional staff.
"SS&C's Recon has revolutionised our reconciliations process and given us the tools to improve efficiency in our operation whilst we continue to experience significant growth in our business," said James Spence, Investment Operations Manager, Veritas Asset Management. "What impressed me most were SS&C's personnel and their understanding of our business. We worked closely with the team at SS&C to map out our reconciliation processes and tailor Recon for our company; this partnership approach was essential in helping make this such a successful project."
"We would like to welcome Veritas to our blue chip roster of hedge funds and investment management clients and are pleased that we were able to help them streamline their operations," said David Reid, Senior Vice President and Managing Director, International, SS&C Technologies. "Reducing operational risk for our clients while meeting their demands for a customized platform and providing a high level of industry and technology expertise is an integral part of SS&C."
About Veritas Asset Management
Veritas Asset Management is an independent specialist investment boutique with a key objective of delivering long term real returns to its investors. Established in 1993, the company has a 16 year top class track record in investing and private client services. Veritas aligns its interests with clients' objectives and is committed to partnership.
Veritas Asset Management (UK) Ltd and Veritas Asset Management AG are wholly-owned subsidiaries of The Real Return Group, which is 100% owned by management and employees and operates with a partnership culture. Stewart Newton is Chairman of The Real Return Group, Charles Richardson is Chief Executive of Veritas UK and Anthony Rosenfelder is Managing Director of Veritas AG. Veritas has offices in London, Zurich and Hong Kong and has £4.5 billion total assets under management. Veritas manages segregated portfolios and funds, with either long-only or long-short real return mandates. Investors include institutions, charities, trusts and private clients.
Veritas Asset Management (UK) Limited is authorised and regulated by the Financial Services Authority, firm number 185576. For more information please contact: Richard Meyrick, Veritas Asset Management, 020 7961 1443, rmeyrick@veritas-asset.com or visit us at www.veritas-asset.com.
About SS&C Technologies
Celebrating its 25th year, SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. 5,000 financial services organizations, from the world's largest to local financial services organizations, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $16 trillion in assets.
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