Asset manager Principal Global Investors has gone live with the Vermilion Software Reporting Suite to fully automate its client-reporting and communication cycle.
Vermilion helped Principal Global Investors consolidate reporting components and standardize templates in order to achieve a streamlined month-end process conducted in short time frames.
"Principal Global Investors Ucits fund range has experienced strong growth in net inflows over the last few years, and we expect to see that growth continue," says Christopher Reddy, president and COO of Principal Global Investors (Europe) and head of global marketing. "We required a system that was scalable for our global multi-boutique business with flexible reporting services. Our fact sheets now have a single-style template that allows us to extend the leverage of our data warehouse to provide data consistencies and cost efficiencies. Ultimately, the new style guidelines convey a clear, modern brand image on a global basis."
The solution has helped the asset manager realize the benefits of a reduction in cost and production timelines, as well as an automated translation service for over six different languages.
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