Waters Rankings 2016: Best Reporting System Provider — Vermilion Software
Vermilion’s VRS has undergone a number of enhancements in recent months, in addition to a handful of significant client wins, as the firm looks to take advantage of strong demand from buy-side firms seeking to enhance their various client reporting functions.
In last year’s BST Awards, Vermilion won the best implementation at a buy-side firm category for its VRS deployment at Newark, NJ-based Quantitative Management Associates (QMA), which allowed the asset manager to reduce its time to delivery by up to an astonishing 90 percent, even for the most complex reports, illustrating the benefits to be gleaned from streamlining and automating this business process. The implementation enabled QMA to meet challenging deadlines for new mandates with ease, something that would not have been possible with its old, manually intensive process, according to Vermilion.
Vermilion says it hears clients demanding automation of laborious yet crucial processes like questionnaires and client templates, which becomes increasingly difficult to manage when firms grow. It says customers want to turn client reporting into a profit center, demand that it has address by unveiling enhancements to components of its reporting suite, V:Pitch and V:Utilities. V:Pitch, released in the past six months, is a web-based application that uses the firm’s workflow to create ad-hoc reports and pitch book developments that sales and marketing teams can use to generate revenue.
Meanwhile, V:Utilities is Vermilion’s initiative to save buy-side firms time by enabling them to meet time-sensitive reporting requests using audited data already approved and residing within the system. And in May, Vermilion announced a partnership with Narrative Science, a Chicago-based automated commentary provider, which allows it to fully automate the writing of portfolio commentary and embed it within the VRS for use by buy-side firms. The move is designed to create more efficiencies by removing bottlenecks in the client reporting workflow.
With this win, Vermillion, which already has 60 buy-side clients on four continents, further entrenches itself as the go-to name in the client reporting space.
Vermilion’s VRS has undergone a number of enhancements in recent months, in addition to a handful of significant client wins, as the firm looks to take advantage of strong demand from buy-side firms seeking to enhance their various client reporting functions.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2024: Technology innovator of the year (vendor)—Christy Bremner, SS&C Technologies
Christy Bremner, senior vice president, Institutional & Investment Management (I&IM) division at SS&C Technologies, wins technology innovator of the year (vendor) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: EDM professional of the year—Neslihan Yegul, S&P Global Market Intelligence
Neslihan Yegul, vice president, head of EDM and thinkFolio at S&P Global Market Intelligence, wins EDM professional of the year in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology innovator of the year (end-user)—Laura Hamilton, Bank of America
Laura Hamilton, global head of corporate treasury, credit risk, climate risk, and financial forecasting technology at Bank of America, wins technology innovator of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (data and operations)—Joanna Davies, OSTTRA
Joanna Davies, head of trade processing at OSTTRA, wins vendor professional of the year (data and operations) in the 2024 Women in Technology and Data Awards.
Sell-Side Technology Awards 2024: Best sell-side front-office platform—Bloomberg
Product: Bloomberg TOMS
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Deutsche Börse democratizes data with Marketplace offering
- Waters Wavelength Podcast: Broadridge’s Joseph Lo on GPTs