WINDSOR, Conn., April 5, 2011 (GLOBE NEWSWIRE) -- SS&C Technologies (Nasdaq:SSNC), a global provider of investment and financial software-enabled services and software, today announced that a US-based independent broker-dealer has selected SS&C's Recon™ to automate its synthetic position reconciliation process on an enterprise level, with plans to process hundreds of thousands of transactions per day.
The broker-dealer required a reconciliation solution that could replace the current system and offer pinpoint performance analysis between any two dates. After an extensive evaluation process, the client chose SS&C's Recon because of its proven ability to handle high transaction volumes, .Net technology platform, and flexible workflow capable of real-time updating of tertiary systems for improved accounting and reporting.
"SS&C's Recon enables financial services firms of all types a superior and scalable reconciliation solution," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "By further automating the enterprise reconciliation process, Recon can help financial services firms minimize costs, focus on exceptions and provide better transparency to improve their business."
Recon is a leading scalable, enterprise-wide reconciliation solution for investment managers, broker-dealers, hedge funds, insurance companies, banks and other financial institutions.
About SS&C Technologies
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.
Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com.
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