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Sanlam Private Investments Streamlines Operations with SS&C’s PORTIA

South African Private Manager Goes Live on Investment Management Platform

SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced Sanlam Private Investments (SPI) has completed the implementation of SS&C’s PORTIA, a leading middle-to-back office investment operations platform. SPI is the private client wealth management business within the Sanlam Group, one of sub-Saharan Africa’s largest providers of financial services. Sanlam Private Investments commissioned the installation of PORTIA in 2011 and has been working closely with the SS&C PORTIA implementation team to facilitate and streamline many operational processes.

Sanlam Private Investments utilizes PORTIA functionality to create a more efficient operations solution. SPI chose PORTIA because of its global capabilities and its flexibility to meet local requirements. To achieve these goals, SPI implemented PORTIA to automate a number of processes from seamless importing of data to corporate action processing and customized tax withholding calculations and operational reporting.

“We were looking to automate as many manual processes as possible to create a more efficient operation that allows us to grow without interruption,” said Liezl Myburgh, Head of Operations, Sanlam Private Investments. “The team of PORTIA professionals understood this goal and partnered with us to create a solution that will scale our business, improve internal capabilities and increase operational efficiency. We look forward to working with PORTIA in the coming years as our business continues to grow."

“We are pleased that Sanlam Private Investments successfully implemented PORTIA in partnership with our consulting team,” said Christy Bremner, Senior Vice President and General Manager, SS&C PORTIA. “We welcome SPI into the PORTIA community and look forward to working with them and other firms in the region to provide solutions to address their unique operational challenges.”

SS&C PORTIA provides a broad set of middle- to back-office capabilities that allow investment managers to track and manage the day-to-day activity in investment portfolios to support global accounting requirements. Offered on a deployed and hosted basis, the solution supports a wide range of functions including corporate action processing, internal reporting, client reporting, regulatory reporting, performance measurement and attribution and post trade compliance.