SS&C PORTIA Enhances Its Capabilities to Support Localized Accounting Requirements for Its Global and Diverse Client Base
SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, is pleased to announce the latest release of SS&C PORTIA, a leading middle-to-back office investment operations platform.
SS&C PORTIA's global and diverse client base increasingly need to localize accounting operations to meet country-specific requirements and regulations including GAAP and IFRS accounting standards. The latest release has improved the flexibility of its calculation and posting rules, enabling asset managers to support an unlimited number of accounting bases to meet these unique operational requirements.
SS&C PORTIA provides greater flexibility and configurability to help customers account for costs, track fees, define posting rules and address other unique accounting requirements. Enhanced reporting tools provide transparency into regional accounting practices and address regulatory requirements.
"SS&C PORTIA provides substantial new functionality to assist asset managers implement multiple accounting bases and support accounting requirements that vary by country or region," said Christy Bremner, Senior Vice President and General Manager, SS&C. "Customers are upgrading to take advantage of the functional benefits to improve the efficiency and quality of their accounting operations."
SS&C PORTIA provides a broad set of middle-to-back office capabilities to enable investment managers to track and manage the day-to-day activities 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.