Addenda Capital ("Addenda"), a leading Canadian institutional asset manager with offices in Montréal, Guelph, Toronto and Regina, has selected Coric™ Client Communications from Equipos to automate the firm's client reporting process.
Coric Client Communications is a multi-award-winning end-to-end client reporting and communications suite used by buy-side firms to enrich client experience and increase operational efficiency. As the world's-leading client reporting and communications system, Coric is now used by five of the leading Canadian financial institutions.
Along with process efficiency and operational cost savings, Coric will enable Addenda to decrease the number and complexity of report templates as well as ensure quicker delivery, thereby improving the firm's client reporting process.
Coric will generate more than 800 management reports, in both English and French, for Addenda's institutional and high net worth clients located in Canada and in the U.S.. In the future, Addenda intends to use Coric to automate other client communications, external marketing collateral and internal reports.
"Addenda is positioned for growth and we need a partner who can take our client reporting process to the next level," said Roger Beauchemin, Chief Operating and Financial Officer at Addenda. "Equipos' stellar reputation in the client reporting industry and commitment to the Canadian market impressed us, making the decision to choose Equipos an easy one."
Charles Leblanc, Vice President, Operations and IT at Addenda, added, "Coric will allow us to optimize our client reporting process and significantly reduce production times, thereby enhancing client service and improving client experience. When evaluating client reporting and communications solutions, our team was extremely impressed with Coric's flexibility, report personalization, sophisticated and customizable workflow, and ability to integrate nicely with our existing data warehouse."
According to Mike Hendy, Vice President, North America at Equipos, "We are excited to be partnering with Addenda Capital on their client reporting initiative and adding to our rapidly expanding list of Canadian clients. Coric will easily scale as Addenda adds new clients, evolving in synch with their growing business."