What Does SS&C Technologies Do Financial Services Software Explained

SS&C Technologies Holdings, Inc. is a leading American company in financial technology solutions. It was founded in 1986 by William C. Stone. The company is based in Windsor, Connecticut.

It provides advanced software and SaaS to the financial services industry. Its growth comes from smart acquisitions, adding many subsidiaries to its family.

SS&C has a big presence worldwide, covering the Americas, Europe, Asia, Africa, and Australia. In 2020, it managed over $1.69 trillion in Assets Under Custody.

It offers detailed investment management software and services. These include fund administration, wealth management, and insurance. This makes SS&C a top player in fintech.

Understanding SS&C Technologies’ Place in the Market

SS&C Technologies has made a big impact in the financial tech world. It has grown a lot over the years. This shows its ability to adapt and grow in a tough market.

The company started in 1986 and went public in 1996. Then, in 2005, it became private again. This change helped it grow before it went public again in 2010.

SS&C has grown by buying over 50 companies. This has made it a big player in many financial areas.

“Our acquisition strategy has always been about making us better and reaching more financial institutions worldwide.”

Some big buys have really helped SS&C. For example:

• Advent Software (2015) – improved investment management
• DST Systems (2018) – added to insurance and retirement services
• Blue Prism Group (2022) – boosted automation

These buys have helped SS&C offer complete solutions for complex financial tasks. It’s now a top choice for fund administration services.

SS&C’s success shows in its numbers. In 2024, it made $5.503 billion and has 26,600 employees. This shows it’s big and stable in the financial tech world.

SS&C now serves many financial areas. This includes investment management, insurance, and lending. It has many ways to make money while keeping its main focus.

SS&C is also good at combining different technologies. It knows how to merge systems to make better solutions for clients.

Looking ahead, SS&C plans to keep growing and improving. It’s all about staying ahead in the fast-changing world of financial technology.

What Does SS&C Technologies Do: Core Service Offerings

SS&C Technologies offers a wide range of financial software solutions. These solutions help various financial sectors work better. They make operations smoother, improve decision-making, and keep businesses ahead in fast-changing markets.

Investment Management and Accounting Solutions

SS&C has advanced investment management platforms. They handle complex portfolio accounting and performance tracking. Users get real-time views of their investments across different assets and places.

The SS&C Global Wealth Platform supports managing wealth in multiple currencies. It offers detailed reports. These systems manage trading, settlement, and reconciliation. They also provide strong regulatory compliance solutions for financial reports.

Alternative Investment Software and Services

SS&C has special solutions for hedge funds, private equity, and managed accounts. SS&C Fund Services offers full support for alternative investment vehicles.

SS&C GlobeOp Investor Services provides administration, reporting, and investor communication tools. These platforms handle complex fees, capital calls, and distribution calculations accurately and clearly.

Insurance and Retirement Solutions

SS&C’s insurance and retirement division meets the needs of insurance companies and pension funds. Their solutions manage policy administration, claims, and annuity calculations with high accuracy.

SS&C BenefiX focuses on managing employee benefits data and exchange services. It simplifies benefits administration and uses advanced risk management tools for long-term liability forecasting.

Lending and Credit Risk Management

SS&C’s lending solutions offer detailed credit risk assessment and collateral management. They support secured lending in various assets like real estate and securities.

SS&C Skyline provides special property management for real estate portfolios. It integrates property valuation, lease management, and cash flow forecasting. It also uses sophisticated risk management tools for credit exposure analysis.

Each solution includes advanced regulatory compliance solutions for different financial rules. This ensures clients stay efficient and meet their compliance needs.

The Technology and Advantages Powering SS&C’s Solutions

SS&C Technologies leads in financial tech innovation. They use advanced systems to offer top-notch solutions. Their tech mix includes artificial intelligence, automation, and data analytics.

Harnessing Automation and Artificial Intelligence

At their 2023 Deliver Conference, SS&C showed off their tech progress. They introduced the SS&C Blue Prism Next Generation Platform. It’s a big step in making financial operations better.

This platform is cloud-based and flexible. It lets financial institutions manage their automated financial operations in new ways.

SS&C also has a Generative AI programme. It speeds up automation and makes sense of unstructured data. This AI helps improve data management and efficiency in finance.

SS&C’s tech tackles tough challenges like:

• Complex fee structures
• Handling transactions in different currencies
• Keeping portfolios balanced in real-time
• Checking for compliance automatically

Data Analytics, Reporting, and Compliance Tools

SS&C’s analytics turn data into useful insights. These tools help financial firms stay compliant and understand the market better.

Their reporting tools are accurate and efficient. They provide custom reports for regulatory needs and internal policies.

SS&C’s compliance tools watch transactions for regulatory changes. This helps firms avoid fines and keep their reputation strong.

The table below shows what SS&C’s data analytics and compliance tools can do:

SS&C is a leader in financial tech transformation. Their solutions help firms deal with complex rules and improve their operations.

SS&C’s use of AI and data analytics creates a strong system for finance. This tech helps clients be more accurate, efficient, and compliant every day.

SS&C’s Clientele and Strategic Impact

SS&C Technologies works with many financial institutions. They offer financial technology solutions that meet different needs. Their clients come from various sectors, sizes, and places.

Serving Institutional Investors and Asset Managers

SS&C’s investment management software is used by top names in finance. Liontrust Asset Management, for example, handles £38.5 billion with SS&C’s tools. This shows how big players use SS&C for managing large portfolios.

Mammoth Scientific chose SS&C for its $100 million health tech fund. This shows SS&C can handle specific investment needs.

Partnerships with Insurance Companies and Banks

SS&C also works with insurance and banking. Gordian Capital uses SS&C’s Eze Investment Suite in Singapore and Japan. This helps them manage trading, portfolios, and risks in Asia.

These partnerships show SS&C’s global reach and flexibility. Their acquisitions have made their services even better. Now, they can offer custom solutions to a wide range of financial institutions.

SS&C’s work with clients shows their dedication to solving financial challenges. They are becoming a key player in global financial services technology.

Analysing the Strategic Value for Financial Institutions

Financial institutions are under pressure to improve operations and deal with complex rules. SS&C Technologies offers more than just software. It provides real benefits that make investing worthwhile.

Achieving Operational Efficiency and Scalability

SS&C’s solutions change how financial groups manage their day-to-day tasks. Their fund administration services make manual tasks automatic. This cuts down on mistakes and lets staff focus on more important work.

Scalability is another big plus. Firms can grow without their costs going up too much. This is great for companies that are getting bigger or have busy times.

But, getting started can take a lot of time. These solutions need careful planning to set up. But, the effort pays off in the long run by making things run smoother and growing capacity.

Tools like SS&C’s Reconciliation module use AI for detailed checks. Their Treasury Management feature sends alerts for big changes in cash. This helps make quick, smart financial choices.

Enhancing Risk Mitigation and Regulatory Compliance

Financial groups face stricter rules all the time. SS&C’s risk management tools offer strong protection against mistakes and rule-breaking. They keep an eye on transactions and positions to meet changing rules.

The systems spot problems early, preventing big issues. This helps avoid expensive fines and damage to reputation. Compliance becomes a part of everyday work, not just an extra step.

SS&C’s tech is great for dealing with tough rules in different places. It keeps operations in line with standards everywhere. This is key for companies that work globally.

Companies using these solutions see better audit results and lower costs for following rules. The automated tracking and reports save time and provide clear records for audits.

In the end, SS&C Technologies brings real value to financial groups. It helps them work better and feel secure about following rules. These benefits give them an edge in today’s tough financial world.

Conclusion

SS&C Technologies is a key player in the financial services software world. They offer a wide range of solutions for investment management, alternative investments, insurance, and lending. Their software is designed to support modern financial operations.

Innovation is at the heart of SS&C, shown at their 2023 Deliver Conference. They introduced new tools for intelligent automation and private markets transparency. These tools help financial institutions work more efficiently and stay compliant with regulations.

For nearly 40 years, SS&C has grown and made strategic acquisitions. They provide technology that meets today’s and tomorrow’s needs. Financial institutions choose SS&C for their scalable software, which helps manage risks and ensures compliance.

SS&C Technologies is a trusted partner in the financial services industry. They focus on creating innovative solutions that help shape the future. Their dedication to innovation and client success keeps driving progress in financial technology.