Principal Global Investors, a US-based specialist boutique funds provider, has selected Vermilion Software’s Reporting Suite to expand its European operations.
According to Vermilion, its solution will allow the firms to fully automate the full client reporting and communication cycle.
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Vermilion said that the solution is underpinned by a total process audit feature, satisfying corporate demands for compliance, marketing requirements for branding, and business requirements for timely, accurate and professional reports.
The project originally commenced from Principal Global Investors (PGI) staff cross-training with Vermilion on processing of multilingual fact-sheets, and then expanded by consolidating reporting components and standardized templates designed to achieve an increase in client demand for European-regulated funds.
Alan Beer, COO of Vermilion Software, said: "We are delighted to have implemented Vermilion Reporting Suite at Principal Global Investors and it is great that they are already realizing the benefits of a reduction in cost and production timelines, as well as an automated translation service for over six different languages.
"Principal Global Investors’ decision to select Vermilion demonstrates Vermilion’s market-leading ability to provide a transparent, proven method of streamlining report production processes and create standard ‘end to end’ foundations in partnership with the client."
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