Assumption Life Chooses SS&C's CAMRA and LMS For Integrated Investment and Loan Management.Business/Technology Editors WINDSOR, Conn.--(BUSINESS WIRE)--July 24, 2001 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 Assumption Life, headquartered in Moncton, New Brunswick New Brunswick, province, Canada New Brunswick, province (2001 pop. 729,498), 28,345 sq mi (73,433 sq km), including 519 sq mi (1,345 sq km) of water surface, E Canada. , Canada, has selected the Company's CAMRA (TM)`S' for 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. , and LMS(TM) systems. Assumption Life will couple CAMRA's robust portfolio management, accounting, and reporting engine, with LMS's comprehensive loan management, reporting and accounting capabilities. "We were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a comprehensive solution that met our needs without needing to do a lot of customized work. With CAMRA and LMS, SS&C offered us a `turn-key' solution," said Etienne LeBoeuf, Director of Finance at Assumption Life. "CAMRA and LMS met all of our needs and more, and will enable Assumption Life to meet all of our regulatory, operations, and management requirements. "We were particularly impressed with the systems' flexibility and report writing capabilities, as well as SS&C's system development methodology and quality control. Further, we were able to work with the entire SS&C `team'--developers, consultants, and product experts, in addition to the sales staff--the same people we're working with on the implementation and conversion," continued Mr. LeBoeuf. Assumption Life also noted that the product review, due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , negotiations, and contract processes were completed efficiently using mainly Internet communications technology. "This enabled us to substantial reduce our search costs Search costs Costs associated with locating a counterparty to a trade, including explicit costs (such as advertising) and implicit costs (such as the value of time). Related: Information costs. and, we believe, will continue to facilitate our relationship with SS&C going forward," commented Mr. LeBoeuf. "We are excited that another Canadian investment manager has selected SS&C's systems. We remain committed to delivering solutions that meet our Canadian clients' needs," said William C. Stone, President, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , and Chairman of the Board at SS&C. "We look forward to a long and mutually rewarding partnership with Assumption Life." About Assumption Life Assumption Life, with its head offices in Moncton, New Brunswick, Canada, is a flourishing mutual insurance company that offers a complete range of financial and life insurance products and services, and serves as the cornerstone of the Assumption Group, a network of financial institutions. The Assumption Group also encompasses Louisbourg Investments, managing more than $10.5 billion in assets, and The Assumption Foundation, which each year awards academic bursaries to needy students--to date awarding some 3600 scholarships totaling more than $3 million. Additional information is available at www.assumption.ca About CAMRA and LMS CAMRA, SS&C's flagship product, is the premier portfolio management, reporting, and investment accounting system. It is a flexible software application that streamlines and automates the investment process. CAMRA eliminates work, saves time, reduces mistakes and delivers value by unlocking the power of your information. SS&C's LMS 2000 is the market-leading mortgage loan management system. Recently SS&C introduced functionality such as imaging, mapping, and wireless capabilities that enhance underwriters' capacity for decision-making, ease-of-use and access to information. These features enable clients to better identify opportunities, facilitate securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. and other loan management processes, and comply with MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration and CMSA CMSA abbr. Consolidated Metropolitan Statistical Area reporting requirements. Both systems are Internet-enabled and can be deployed remotely using Internet technology, and leverage the reporting power of Microsoft SQL Server. About SS&C Technologies With offices in the US, Canada, Europe and Asia, SS&C is a leading provider of financial software solutions, services and expertise to asset managers world-wide. Its diverse products and services are used by a large cross section of investment institutions who deploy its trading, accounting, reporting and analysis solutions and ASP services. Client companies manage, in aggregate, more than $3 trillion in assets. SS&C is publicly traded on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol "SSNC." Additional Company information is available at www.ssctech.com. |
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