SS&C Announces Modernized Platform for Global Recordkeeping, SS&C Lyric

Rhea-AI Summary

SS&C Technologies has launched SS&C Lyric, a cutting-edge operating platform designed for asset managers, broker-dealers, retirement recordkeepers, and superannuation providers. This platform provides a cloud-based environment with customizable user experiences and real-time data transparency. Core features include 24x7 availability and personalized configurations. The transition to Lyric is being implemented across SS&C's global recordkeeping solutions without requiring any conversions from existing platforms. This initiative aims to enhance client service and data management capabilities.

Positive

• Launch of SS&C Lyric enhances service offerings for clients.
• Modernized platform allows for customizable user experiences.
• Implementation does not require conversion from existing systems, easing transition.

Negative

• None.

WINDSOR, Conn., May 27, 2021 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the launch of SS&C Lyric, a new operating platform for its global businesses servicing asset managers, broker-dealers, retirement recordkeepers and superannuation providers. Lyric enables SS&C clients to leverage a modern, cloud-based environment encompassing customizable user experiences, rapidly deployable microservices, event-driven integration and a leading-edge data platform. Core tenets of Lyric are 24x7 availability, global real-time data transparency and end-user configuration and personalization.

"We are pleased to introduce Lyric, the next generation of SS&C's industry-leading global recordkeeping solution. This transformation initiative will revolutionize how we service our clients and their underlying investors, advisors and industry partners," said Nick Wright, General Manager of SS&C Global Investor and Distribution Solutions. "Among many exciting new features, Lyric incorporates state-of-the-art user portals and completely reimagines data visualization and reporting to provide a robust and scalable foundation for the future." 

SS&C's migration onto the Lyric platform is underway across its suite of global recordkeeping solutions. Enhanced functionality will be implemented iteratively without requiring a conversion from existing recordkeeping platforms. 

Learn more about SS&C Lyric here.

About SS&C

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

SOURCE: SS&C

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

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SOURCE SS&C

FAQ

What is SS&C Lyric and when was it launched?

SS&C Lyric is a new operating platform launched by SS&C Technologies on May 27, 2021, designed to enhance service for asset managers and other financial service providers.

How does Lyric improve SS&C's service capabilities?

Lyric introduces a cloud-based environment with 24x7 availability, customizable user experiences, and real-time data transparency, enhancing the overall service delivery.

Will existing systems need to be converted to use Lyric?

No, the implementation of SS&C Lyric will occur iteratively without requiring conversion from existing recordkeeping platforms.

What are the core features of SS&C Lyric?

Core features of SS&C Lyric include customizable user experiences, event-driven integration, 24x7 availability, and a leading-edge data platform.

What benefits does SS&C expect from the Lyric platform?

SS&C aims to revolutionize client service, enhance data visualization and reporting, and establish a robust foundation for future growth with the Lyric platform.