Vermilion Software (Vermilion), the award-winning client reporting solutions firm which helps asset management firms streamline their client reporting processes using Vermilion’s technology today celebrates its tenth anniversary.
Founded in 2003, the company’s first two years were dedicated to product development before launching its flagship product, Vermilion Reporting Suite (VRS) in 2005.
Eight years later, Vermilion is proud to be a global player with offices in London, Boston and New York with an international and cross-border client list. Vermilion’s growth has experienced particular acceleration over the past 18 months and is considered one of the market leaders in client reporting, winning industry awards and accolades along the way.
By selecting VRS, asset management firms benefit from fully automated client reporting process, whatever the business environment. The system is designed to easily integrate into existing and established business processes, from high-touch, low-volume processes to low-touch, high-volume processes. Using VRS, firms can easily provide a transparent, value-added service for their clients as well as keeping abreast of regulatory requirements and internal business demands. VRS offers the flexibility for asset managers to choose how they want the report to be presented to each client in terms of format and branding and ability to drill through the charts to the underlying raw data.
Commenting on the occasion, Simon Cornwell, Co-Founder and Global Sales & Marketing Director of Vermilion said, “We are delighted to be celebrating our tenth year as a corporate entity and thank clients for their continued support. We are most proud of our 100% client retention track record and believe this demonstrates that Vermilion not only offers a market-leading solution, but also the necessary specialist knowledge vital to understand the best way in which to deploy VRS into client environments and our globally.
Vermilion attributes its continued success to four key attributes: the solution is fit for all client reporting needs; the firm is well financed and continues to invest in product innovation and development; this investment enables Vermilion to support clients reporting needs on both a local and global basis and Vermilion’s partnership approach with its clients ensures that it can deliver, support and anticipate its clients’ requirements both for today and for years to come.”
Cornwell continued, “We will also invest in other technologies that will help our clients solve current and future problems, such as our latest portal technology. The portal provides asset management firms with the tools necessary to meet immediate and secure online access to all information, internally and/or externally.
We believe that achieving this milestone demonstrates that Vermilion is a forerunner in the market and has the vision necessary to respond to the demands that investors are now making of their asset managers. Clients realise the value of highly effective and efficient client reporting. The ability to provide accurate and timely statements/reports in a customised format is one area where VRS helps asset managers giving them a competitive edge.”