SS&C Technologies: Delivering Comprehensive Technical Capabilities

Tom McMackin, Senior Vice President , SS&C TechnologiesTom McMackin, Senior Vice President
Today, many initiatives are taken in an attempt to make treasury management more effective. Enterprises are developing a culture of innovation and considering out-of-the-box strategies to unlock working capital and improve the tactical aspects of treasury. “Firms are moving on from their legacy applications and leveraging technology that can deliver myriad of capabilities, especially automation through a single solution,” states Tom McMackin, Senior Vice President, SS&C Technologies [NASDAQ: SSNC]. “Today’s companies are also looking to reduce the scope of their technological footprint, including streamlining both the number of solutions they possess and vendors they are working with.” As treasurers continue to review all aspects of their global treasury strategy to ensure efficiency and cost-effective structuring, SS&C Technologies provides a broad range of highly specialized software, software enabled-services, and Software as a Service (SaaS) solutions for operational excellence. The company is known for its unique approach of collaborating with its customers to drive down the cost of technology ownership with hosted solutions.

SS&C Technologies’ end-to-end and fully integrated solutions are vastly utilized and specially designed for customers to operate efficiently on capital markets, money markets and treasury activities. The solutions are functionally rich and enterprise wide, and provide support for the trading and carrying out middle and back-office operations of financial institutions. “Our suite of treasury solutions allow financial organizations to consolidate their trade processing, risk management, and settlement processing all on one system,” says McMackin. Additionally, SS&C Technologies’ global suite of solutions emulates a responsive design. “It can be accessed through a desktop, a tablet or an iPhone and can be also customized according to the clients’ needs,” affirms McMackin. The solutions can be deployed in the cloud or on-premise of the customer. Furthermore, they provide advanced security options and alerts that help organizations with business continuity planning, disaster recovery and maintaining controlled processes.

Our expertise and approach enables customers to focus more on their business and less on managing their technology

SS&C Technologies delivers a comprehensive range of services including cash management, fund administration, regulatory services and risk services amongst others that help manage and account for customers’ investments. With a team of dedicated and experienced staff, the firm manages its customers’ technical environment and batch processing effectively. “Our expertise and approach enables customers to focus more on their business and less on managing their technology,” says McMackin.

Since its inception in 1986, SS&C Technologies has gained a distinct reputation for developing software for the financial services industry that demonstrates its unrivaled expertise and professionalism. “We have worked consistently to replace legacy solutions with newer technology that incorporates mobility, responsive design and Business Process Outsourcing (BPO) wherever applicable,” says John Hansen, Director, SS&C Technologies. For example, a large American bank was facing issues as they had three different systems for carrying out disparate, but inter-related functions. SS&C Technologies suggested a solution that replaced all three financial systems with a single system incorporating a single database and log-in across all services to add mobility to the applications. Ultimately, the bank received numerous benefits including a significant reduction in its technological footprint and number of vendors. “The bank was also able to re-organize their business structure more competently, maintain operational flow and seamlessly integrate with their back offices,” remarks McMackin.

SS&C Technologies is highly focused on increasing the breadth and depth of its products and services while capitalizing on evolving market opportunities. “We will continue to advance our solutions and offer upgrades that will help customers automate repetitive tasks and streamline manual processes to minimize risk and boost productivity,” says McMackin. Hansen adds, “We remain focused on delivering top quality proactive outsourcing and cloud services to address the varied business needs of our customers.”