Vermilion Software, a provider of client reporting and communications software, said that it has achieved a key milestone in the deployment of the Vermilion Reporting Suite at Schroders.
With a demanding schedule of more than 2,300 institutional valuation reports to produce within exacting timeframes each month, Schroders requires a client reporting solution that can handle high volumes in a scalable and efficient way.
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The completion of this first phase of the client reporting project in its operational hubs in London and Singapore represents a key milestone for the firm as it progressively enhances its offering to a global client base.
The deployment of the Vermilion Reporting Suite for valuation production also lays the foundations for Schroders’ investment reporting including commentary, graphs and analytics with this second phase of the project also in the early stages of live production.
Matthew Lees, head of portfolio accounting at Schroders in London stated, "The Vermilion team have played a key role alongside our business and IT users in the project leading to this successful first phase of deployment." Matthew continued, "We now have over 40 users in London and Singapore utilising the Vermilion Reporting Suite, including technical business users who can carry out a growing range of reporting changes without the need for IT support."
"Schroders is a dynamic and innovative company," stated Simon Cornwell, Global Sales and Marketing Director at Vermilion Software "The successful completion of this first phase of its project demonstrates Schroders’ commitment to building client confidence by delivering high-quality, reliable and engaging reports."
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