Waters Rankings 2016: Best Reporting System Provider — Vermilion Software

vermilion-reporting-watersrankings2016
Jason Whitney, Tim Kurkjian, James Redfearn, and Tom Hoff

Vermilion Software is the third different winner in the last three years that the best reporting system provider category has been on offer in the Waters Rankings. The London-based client reporting specialist is looking to establish itself as the stalwart in the space, and, if its track record in the Buy-Side Technology Awards over the last few years is anything to go by, Vermilion should have no problem in that regard, given the popularity and ubiquity of its flagship Vermilion Reporting Suite (VRS). In winning this category, Vermilion joins AxiomSL and Eze Software Group as recipients of this award.

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.
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