Aruba Pension Fund Selects SS&C's LMS 2000 To Manage Expanding Commercial Mortgage Loan Portfolio.WINDSOR, Conn.--(BUSINESS WIRE)--Nov. 3, 1999-- SS&C Technologies, Inc. (Nasdaq:SSNC SSNC Swedish Society for Nature Conservation (Stockholm, Sweden) SSNC Signaling System Network Control SSNC Status, Entity Data Not Consistent (Alcatel) ) today announced that Algemeen Pensioenfonds van Aruba has chosen LMS 2000(TM), the industry-leading loan management system, to manage its growing commercial mortgage loan portfolio. With the professional research of consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen , Algemeen Pensioenfonds considered several loan management systems, including SS&C's, before choosing LMS 2000 for its business. "The LMS 2000 system will enable us to service our current portfolio, while also providing us with the technology we need to expand into new markets," said Dr. M.E. Croes-de Jongh, Managing Director at Algemeen Pensioenfonds van Aruba. "The data base is large, and provides us with flexibility and new possibilities with no restrictions--from working with individual accruals Accruals Accounts on a balance sheet that represent liabilities and non-cash-based assets used in accrual-based accounting. These accounts include, among many others, accounts payable, accounts receivable, goodwill, future tax liability and future interest expense. to construction and consortium loans." About LMS 2000 Part of SS&C's commitment to provide asset managers in all industries with knowledge-based software in a `Straight-Thru Processing' environment, LMS 2000 provides all types of lending institutions Noun 1. lending institution - a financial institution that makes loans financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in with comprehensive tools for commitment and pipeline tracking, internal and external investor servicing and accounting, and now, CMSA-based investor reporting. Additional features include portfolio analytics, imaging and geographic mapping, graphical presentation, pool modeling and asset disposition. LMS 2000's Windows 32-bit client/server architecture An environment in which the application processing is divided between client workstations and servers. It implies the use of desktop computers interacting with servers in a network in contrast to processing everything in a large centralized mainframe. See client/server. leverages the reporting power of Microsoft SQL Server A relational DBMS from Microsoft that is a major component of the Windows Server System. It is Microsoft's high-end client/server database and is closely integrated with Microsoft Visual Studio and the Microsoft Office System. 7.0 for top performance, reliability and scalability. "We are very pleased to be servicing a firm like Algemeen Pensioenfonds, which has a mature loan portfolio and also sees many opportunities in its markets to expand its business," said John Stone, Vice President of SS&C's Commercial Real Estate Unit. "We hope to see the firm continue to grow with the help of LMS 2000." About Algemeen Pensioenfonds van Aruba Algemeen Pensioenfonds van Aruba is an independent fund manager that invests in equities, bonds, mortgages, loans and real estate both locally and abroad. With $700 million in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. at the end fiscal year 1998, Algemeen Pensioenfonds is the largest financial institution in Aruba, and an important contributor to the financial economic development of the island. About SS&C Technologies With offices in the U.S., Canada, Europe, Asia and Australia, SS&C is a leading provider of financial software solutions, services, and expertise to asset managers worldwide. SS&C primarily targets its products and services to large-scale, sophisticated investment enterprises that use the trading, accounting, reporting, and analysis solutions to manage, in aggregate, more than $2 trillion in assets. Additional Company information is located at www.ssctech.com. |
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