Reporting software maker GCom Solutions has formed a partnership with fund administrator BISYS to develop a new reporting tool.
“One of our overriding objectives is to put the marketplace’s best technologies and services to work for our clients,” says George O. Martinez, senior vice president of BISYS Fund Services and head of its fund administration and oversight operations. “After evaluating many competing technologies, we selected GCom’s financial administration suite of software as the one most capable of driving the accuracy of our financial administration services. The partnership will take reporting to a new level by helping reduce reporting cycle times and providing a significant savings in typesetting costs to clients.”
The tool will help users complete regulatory filings, and transmit information to printers efficiently. BISYS and GCom say that their typesetting solution alone will generate an approximately 20 to 30 percent reduction in print production costs to funds and their shareholders.
“We conducted a thorough evaluation of several vendor solutions over a 12-month period before selecting GCom,” says Martinez. “GCom’s ability to integrate a typesetting solution into our financial reporting service is one of the many benefits we are especially pleased to bring to our clients. With GCom’s help and technology solutions, BISYS will expand its existing typesetting and composition service capabilities, providing clients with an in-house typesetting alternative. This will create significant and immediate value for clients in the printing of financial reports.”
David Moffat, President and COO of GCom, adds that the company has worked closely with BISYS to develop the technology. “We believe, as BISYS does, that we offer the leading platform of financial administration products and services available today, and are proud to be able to bring those offerings to BISYS and its clients,” he says.