SS&C's innovative Evare Data Services Portal fuels competitive advantage for asset managers, broker/dealers, custodial institutions and banks, corporations
SS&C Technologies Holdings, Inc. ("SS&C") (Nasdaq: SSNC), a leading global provider of financial services software and software-enabled services, unveiled its Evare Data Services Portal at the FIS Wealth Outsourcing Solutions' Fall 2015 Regional Seminar Series taking place in Chicago, Illinois. SS&C's Evare is a managed service for financial data acquisition, normalization, transformation and delivery, serving as a data transformation hub for over 500 financial services firms globally.
The new real-time web-based portal redefines how financial services firms securely and efficiently monitor their data flows. To help operations teams holistically manage their client's external reconciliation, performance and accounting processes, the Evare Data Services portal offers users direct access to wide array of data such as: daily data transmissions; letters of authorization; account reconciliation reports; and other client-specific service information. With improved visibility into their transmission statuses, firms benefit from reduced operational risks and costs associated with late files and missing or incomplete data.
"Monitoring incoming data feeds has traditionally been a resource-intensive process. With Evare's Data Services portal, users can connect to their critical data to make smarter decisions in real-time," said Joe Souza, Vice President, SS&C's Evare. "Evare's new offering is designed using the most modern web design principles including mobile access combined with the industry's most comprehensive, secure data transformation and delivery service."
To address the need for greater transparency and control over operations, SS&C's Evare helps global financial services firms improve their data management processes, reducing the time, expense and risk of onboarding critical counterparty data that feeds downstream processes. Evare offers direct links with over 500 institutions and access to over 10,000 counterparties via the SWIFT network, providing clients with a comprehensive view of their accounts regardless of where assets are held.