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SS&C expands data solutions with new custodial data service

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SS&C Technologies Holdings has launched Advent TransPort, a solution for customising custodial data for the company’s hedge fund and investment manager clients.The latest addition to Advent Data Solutions enables clients to apply custom rules and logic to standard custodial data files before loading into accounting platforms. TransPort streamlines operations by giving users the power to customise their ACD files and filter out any unwanted data. Firms are then able to focus on their unique data requirements and easily add new values. The service is deployed in the cloud, with SS&C Advent handling data normalisation for more than 800 data sources.

“Adding TransPort to our daily workflow has been beneficial, significantly reducing the occurrence and time spent on manual manipulation errors each day,” says Christopher Wall, CIPM, Director of Operations at Westfield Capital Management.

“Advent TransPort has removed all that manual work that was not adding value and taking a lot of time from our small team. The solution allows us to focus on more productive, higher-level work,” says James Meadows, Executive VP, Operations for Manitou Investment Management.

“Our clients are working with a larger number of custodians and other counterparties to minimise risk, but reconciling tremendous amounts of data is adding to their workload,” says Robert Roley, General Manager of SS&C Advent. “Investing in tools like TransPort helps simplify interactions with custodians and brokers, so our clients can focus on efficiently managing their businesses.”

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