Carnegie Capital Advisors Partners With SS&C Direct To Offer Insurance Regulatory Reporting Services.WINDSOR, Conn.--(BUSINESS WIRE)--June 3, 1998--SS&C Technologies announced today that it has signed an agreement with Carnegie Capital Advisors to offer investment accounting and regulatory reporting to its insurance clients through SS&C Direct, the Company's outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. division. Carnegie Capital Advisors is a registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in headquartered in Charlotte, NC. "We formed the strategic alliance with SS&C Direct in order to provide our clients with the array of services demanded in today's marketplace," said Julie Garella, Principal of Carnegie Capital Advisors. Michelle Maidt, Principal and Chief Investment Officer of Carnegie Capital Advisors, added, "Not only have we added first-rate services, but we're doing it without having to add infrastructure, so it's cost effective for our clients." Using CAMRA 2000, SS&C Direct offers direct access to investment accounting information on its system, investment accounting processing and investment reporting including: -- automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. receipt and daily processing of investment transactions -- processing of securities information -- investment accounting - four accounting bases - GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). , STAT, MGT MGT Management MGT Multi-Gigabit Transceiver MGT Master Guide Table MGT Midwestern Gas Transmission (gas pipeline company) MGT Measured Gas Temperature MGT Mobile Global Title MGT Marine Gas Turbine MGT Mobile Ground Terminal , TAX -- daily and monthly reporting -- regulatory reports, including schedule Ds - - primary reports - portfolio analysis, investment summary, current holdings, general ledger General Ledger A company's accounting records. This formal ledger contains all the financial accounts and statements of a business. Notes: The ledger uses two columns: one records debits, the other has offsetting credits. - implementation support and data conversion "Carnegie Capital Advisors specializes in partnering with small to mid-sized insurance companies, providing a complete investment solution. In conjunction with us, they are able to expand into services offered by only the most elite insurance asset managers," said Jack Quinn, Vice President, SS&C Direct. With offices in the U.S., Canada, Europe, and Asia, 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 who use the trading, accounting, reporting, and analysis solutions to manage more than $2 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. in assets. Full company information is located at www.ssctech.com.
CONTACT: SS&C Technologies
Peg Berry, 860/298-4551
Cindy Lawrence, 212/303-7611
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