WINDSOR, Conn., Nov. 7, 2016 /CNW/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced that Grand Coast Capital Group has selected both SS&C's Precision LM™ loan servicing and accounting solution and SS&C's fund administration services.
Based in Hingham, Massachusetts, Grand Coast Capital Group is a national private-lending firm and real estate fund manager that provides creative financing to real estate investors, builders, and developers. SS&C will provide Grand Coast Capital with a single, cloud platform for commercial loan origination, servicing and accounting, integrated with SS&C's fund administration services and cloud-based fund services portal. In addition to superior transparency, Grand Coast Capital Group investment managers, borrowers, and investors will now have secure, 24/7 web access to a wealth of summary reports, analytics and detailed information from any desktop or mobile device.
"Precision LM will enable us to bring our entire servicing operations in-house and be more nimble and enhance responsiveness for our borrowers," said Jeff Carter, CEO & Founder, Grand Coast Capital Group. "The ability to leverage SS&C's technology and services will provide us with significantly more efficiency, transparency, and sophisticated reporting and analytics. SS&C's cloud-based infrastructure and expertise will give us flexibility to scale as we originate new loans, grow our assets and bring on new investors."
SS&C's fund services web portal provides a transparent view into the entire fund administration workflow and delivers secure, on-demand data to senior management, operations, accounting, audit, marketing teams, and investors. The result is exceptional transparency and access for fund managers, regulators and clients.
"Loans are proving to be an attractive asset class for hedge funds and private equity firms," said Bill Stone, Chairman and Chief Executive Officer of SS&C Technologies. "Very few vendors can provide integrated software and services for both loans and fund administration. SS&C delivers Grand Coast Capital a solution to bring loan servicing in-house. They can now provide the control, transparency, and advanced analytical tools their investors demand."
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 10,000 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.
Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com. Follow SS&C on Twitter, Linkedin and Facebook. The SS&C Technologies logo is available at www.globenewswire.com/newsroom/prs/?pkgid=8587
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For further information: Patrick Pedonti | Chief Financial Officer, SS&C Technologies, Tel: +1-860-298-4738 | E-mail: InvestorRelations@sscinc.com; Justine Stone | Investor Relations, SS&C Technologies, Tel: +1- 212-367-4705 | E-mail: InvestorRelations@sscinc.com; Media Contact, Randi Haney | PAN Communications (US), Tel: 617-502-4328 | E-mail: email@example.com, http://www.ssctech.com