02.03.2015

Eaton Vance Adds Reporting Software

02.03.2015
Terry Flanagan

Eaton Vance Management has tapped client reporting and communications software from SimCorp to automate the production of client communications, including quarterly client and investment reports, client statements, and fund fact sheets. SimCorp Coric will be used by Eaton Vance Management and its majority owned affiliates including Parametric and Atlanta Capital Investment Managers.

“The implementation of the SimCorp tool will increase Eaton Vance’s operational efficiency,” Collette Keenan, vice president and director of business systems & IT financials at Eaton Vance, told Markets Media.

The Eaton Vance client relationship team, which manages the client reporting process, will be able to reallocate time and resources to client-centric servicing work, thereby enriching client engagement. “The standard reporting processes will require less manual intervention, which will result in an improved delivery cycle and an increase in overall scalability,” said Keenan. “As a result, the client teams can spend more time on client engagement and potentially more customized reporting and delivery options.”

This initiative was driven not only by the operational efficiencies that SimCorp Coric will bring, but also by Eaton Vance’s desire to enrich the quality and timeliness of the service it provides to its clients, according to John Shea, chief information officer at Eaton Vance.

“Throughout the selection process, we received positive recommendations from existing SimCorp Coric clients, who spoke often of the operational efficiency the solution provides,” Shea said in a release. “This enables client relationship managers to spend more time engaging with clients to satisfy their individual investment goals.”

Mike Hendy, vice President, North America at SimCorp Coric said: “SimCorp’s acquisition of the Coric solution has proved to be extremely successful, culminating in this exciting new agreement with Eaton Vance. This solution has long been the market-leading client reporting and communications platform, and now benefits from SimCorp’s global presence and capability. We are excited about working with Eaton Vance and continuing our growth trajectory going forward.”

Featured image via iStcok

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