SS&C Launches Investment Accounting and Reporting Services

SS&C Technologies will launch an accounting and reporting service for insurance companies in support of their non-traditional assets.

The move into this area comes as the insurance industry has demanded ways to enhance risk-adjusted return. Managing non-traditional assets requires complex investment accounting and reporting, often not supported by insurance companies’ legacy systems.

“Outsourcing accounting and reporting to SS&C moves these assets off spreadsheets to a more controlled environment and rigorous process,” says Tim Reilly, senior vice president and general manager, Institutional and Investment Management, SS&C Technologies.

SS&C’s service, available as part of a full service offering or on a component outsourcing basis, will enable insurers to automate accounting and reporting of these investments.

It also automates the accounting and reporting of non-traditional assets, which are integrated with General Ledger and Treasury applications.