Software vendor Vermilion has announced that Ashmore Group has gone live with its Vermilion Reporting Suite (VRS), following a four-month implementation.
Ashmore Group manages around $70.1 billion in pooled funds, segregated accounts and structured products, and decided to automate its client reporting processes last year. VRS was selected after Vermilion delivered an operational prototype.
"During the vendor selection process it became very clear that VRS provided the necessary tools for us to deliver the quantity and type of reporting required," says Graeme Donald, Group Head of IT of Ashmore. "We were impressed by the expertise Vermilion displayed in delivering the operational prototype and now going live with the delivery of our global factsheets."
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