SS&C Revolutionizes Fund Administration with GoCentral
On March 9, 2022, SS&C Technologies Holdings (Nasdaq: SSNC) launched GoCentral, a next-generation fund administration platform.
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Rhea-AI Summary
On March 9, 2022, SS&C Technologies Holdings (Nasdaq: SSNC) launched GoCentral, a next-generation fund administration platform. This platform employs Artificial Intelligence and Business Process Re-engineering to enhance fund operations and improve exception management processes. The new solution provides seamless workflows, operational transparency, and comprehensive control, allowing clients to focus more on growth and less on operations. SS&C aims to modernize middle office operations and improve resilience for alternative asset managers.
Positive
- Launch of GoCentral platform enhances fund administration services using AI.
- Streamlines NAV processes with intelligent workflow automation.
- Provides full operational transparency for clients.
- Enables comprehensive operations control to reduce risk.
Negative
- None.
Details
News Market Reaction – SSNC
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AI-generated analysis. How Rhea-AI works. Not financial advice.
WINDSOR, Conn, March 9, 2022 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the launch of its GoCentral platform to optimize SS&C's fund administration offering. The intelligent web platform leverages Artificial Intelligence and Business Process Re-engineering (BPR) in an exception management-based approach to optimize front, middle and back-office services.
"SS&C is paving the way for fund administrators to modernize middle office operations," said Rick Chase, Director, Global Data Operations at Russell Investments. "Their new platform will enhance our ability to quickly identify and manage exceptions and reconciliations. SS&C's use of AI will assist us in seeing and prioritizing issues as they arise, which will ensure greater efficiency."
SS&C GoCentral is an integrated and intelligent, next-generation fund administration platform – a single unified platform to access the information and systems needed to manage funds. In addition, it features an intelligent exception management-based workflow designed to streamline the NAV process while providing greater transparency to SS&C's alternative asset manager clients.
"With GoCentral, we make our client's resiliency and agility sustainable with AI-enabled operations, continuous process optimization, and more," said Ken Fullerton, Managing Director. "Our leadership in the fund administration is and has always been centered on delivering leading, proprietary technology and world-class service. But we didn't rest on our achievements. Instead, we took the opportunity to re-engineer our entire fund administration offering and improve outcomes for clients with the use of modern, disruptive technologies, so fund managers can spend less time on operations and more time on delivering growth."
The new GoCentral solution aims to deliver:
- Intelligent workflow automation technology to facilitate fund operations, with seamless workflows to strengthen oversight
- Full operational transparency from Operations to C-level users, with clear, detailed access to data and tools in one centralized location
- Comprehensive operations control and reduce risk by creating cloud-based role-based access, workflow and more
About SS&C Technologies
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.
Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
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SOURCE: SS&C
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SOURCE SS&C
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