Prescient Administration Services selects Vermilion Software to provide Best-of-Breed Client Reporting and Communications Platform

17 September, 2013

London, Boston, New York, Singapore 17 September 2013: Vermilion Software (“Vermilion”), a market leading provider in client reporting and communications software, announces its selection by Prescient Administration Services (“Prescient”), the fund administration business of Prescient Limited to provide a best-of-breed client reporting and communications solution.

Prescient will be utilising Vermilion Reporting Suite (“VRS”) as a hosted solution on Eagle Investment Systems’ (“Eagle”) data center to deliver automated quarterly reviews, report packs, GIPS reports and factsheets. This investment will enable Prescient to increase the quality and production of their communications to better service clients. Prescient is the first client to use the fully integrated EagleACCESSSM and VRS solution.

The provision and extraction of data into a client reporting solution can be a challenge for asset management firms. As a result Eagle and Vermilion have worked together to provide the market with a seamless, integrated, hosted solution that combines a best of breed data management solution with a client reporting and communications solution on a tried and tested, secure, hosted platform.

This cost-effective solution provides a value price point that allows firms to leverage the investment that Vermilion and Eagle have made in providing the operational tools necessary to make client reporting and communications an easily repeatable process.

By reducing implementation time and increasing internal efficiencies, the platform enables firms to spend more time delivering information to their clients and less time on data management and the unique workflow requirements for assembling complex client communication documents.

Simon Cornwell, Director of Sales and Marketing at Vermilion said “We are very pleased to be selected by Prescient. This new selection shows our strength in providing the market with solutions to solve pain points for our clients. Prescient selecting to use the new integrated platform is an excellent start to the alliance between Vermilion and Eagle. Vermilion’s core focus is to provide a best-of-breed client reporting and communications solution and to ensure that we keep this product market relevant. The complexities around data management and client reporting have always existed so it was a natural fit to align the two products to provide a solution that will reduce overall costs to our clients and streamline this process.”

Craig Mockford, Chief Operating Officer at Prescient said “Part of our strategic plans to provide best-in-class service to existing and new clients was to implement a scalable client reporting and communications platform to deliver high-quality reports in a timely and efficient way. During the vendor selection process it became very clear that Vermilion Reporting Suite was the right fit for Prescient. We were then advised that an integrated solution existed between Vermilion and Eagle making the value proposition even more compelling.”

Jeremy Skaling, Head of Product Management at Eagle Investment Systems “We are pleased that Prescient, which is already an Eagle client, has selected the integrated client reporting platform. The objective of the Eagle-Vermillion alliance is to provide our joint and prospective clients with a seamless solution that helps move their businesses forward. By teaming Eagle’s award winning data management solution with Vermilion’s client reporting and communications suite, we have created a robust platform unmatched in the industry today.”

End.

For more information, please contact:

Press contacts:
Global
Sylvia Kwok
Tel: +44 (0) 20 7234 3096
Email: sylvia.kwok@vermilionsoftware.com

If you are not a member of the press, please contact Vermilion Software on telephone +44 (0) 207 234 3070 or info@VermilionSoftware.com


Notes to Editors
About Vermilion Software Ltd (Vermilion)

Vermilion is a market leader in client reporting solutions for the asset management market globally. Vermilion Reporting Suite (VRS), is a proprietary system which has been designed, developed and implemented by experts in client reporting.

VRS is designed to deliver accurate, flexible, and scalable client reporting and communications, empowering client service professionals to deliver multilingual, graphical, marketing-quality reports, all of which can be created through the workflow process.

VRS is available as a hosted ASP service, or an in-house installation.

Learn more at www.VermilionSoftware.com

About Prescient
Prescient was launched in 1998 as an investment management firm with the stock broking business following in 1999. Since then, the group has evolved into a partnership of people and companies servicing a broad range of clients.

What started as a quantitative investment management business has evolved to include an administration services division, a stock broking arm, a wealth manager, retail product offerings, a linked life company and retirement products.

As we expand into new markets and grow the business, we strive to maintain the culture, work ethic and commitment to clients that have contributed to our success so far. To manage the growth of the business, we ensure that we are ahead of the curve in terms of infrastructure, systems and people.

Listed on the Johannesburg Stock Exchange (JSE), Prescient Limited is a diversified global financial services and information technology group. The group is headquartered in Cape Town with offices in Johannesburg, Pretoria, Durban, Stellenbosch, Windhoek, Dublin, Melbourne and Shanghai.

Prescient’s subsidiaries include: Prescient Investment Management (SA), Prescient Investment Managers (Ireland), Prescient Securities, Prescient Management Company, Prescient Life, Prescient Administration Services, Prescient Wealth Management, Prescient Profile and EMH Prescient Investment Management.

Prescient Investment Management was named Overall Investments/Asset Manager of the Year at the Imbasa Yegolide Awards 2011 and Absolute Returns Manager of the Year at the 2013 Imbasa Yegolide Awards for Professional Excellence.

Prescient has a Dublin registered fund management company, Stadia Fund Management, and a representative office in Shanghai, China. Prescient Investment Management was the first asset manager in South Africa to be granted a Qualified Foreign Institutional Investor (QFII) licence by the China Securities Regulatory Commission (CSRC).

About Eagle
Eagle is committed to helping financial institutions worldwide grow assets efficiently with its innovative portfolio management suite of data management, investment accounting and performance measurement solutions that are delivered over its secure private cloud, Eagle ACCESSSM. Since 1989, Eagle has deployed trusted solutions and services that create operational efficiencies and help reduce complexity and risk. Eagle Investment Systems LLC is a subsidiary of BNY Mellon. Additional information is available at www.eagleinvsys.com.
 

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