WINDSOR, Conn., July 10, 2017 /CNW/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced that TMI Trust Company (TMI) has selected SS&C Precision LM™ loan servicing and accounting solution to support its growing corporate loan agency services.
TMI Trust Company is a leading corporate trustee that offers a full array of trust and agency services, including corporate loan agency services, trust and escrow services, IRA custodial services, and family office/investment partnership services.
Precision LM™ will provide TMI with a fully-integrated, automated, and scalable software platform that will enhance its ability to deliver expert loan servicing to the corporate loan markets. Precision LM will allow TMI to handle all of its lender structures, commercial and corporate loan products, including unitranche, bilateral, club and broadly syndicated loans on a single platform. Precision LM will also automate key processes such as roll-overs and rate resets, covenant tracking, amendments and assignments, invoicing and cash-flows, reporting, escrow administration, and executive dashboards.
"After an extensive due diligence process, we determined that SS&C's superior software technology and extensive industry expertise made Precision LM the platform of choice to grow our business," said Michael Weber, Executive Vice President of TMI Trust Company. "As our loan agency services continue to grow in size and complexity, the versatility of Precision LM will allow us to offer our clients the innovative and bespoke products that best serve their needs."
SS&C Precision LM is a fully integrated platform that will automate the primary servicing and accounting operations of TMI Trust Company. The solution will provide more robust reporting and analytics, and will improve transparency and auditability.
"Precision LM will enable TMI to streamline business processes to achieve scale and consistency," said Stan Szczepanik, SS&C's Vice President, Institutional and Investment Management. "TMI's staff will now be able improve workflow efficiencies, reduce the risk of errors with a single point of entry, and enhance services relationships with its clients."
About TMI Trust Company
TMI Trust Company was founded in 1954 as a Texas chartered trust company and is headquartered in Ft. Worth, TX. Since its inception, TMI has grown into a full-service trust and agency services provider.
Through its offices located in Ft. Worth (TX), Atlanta (GA), Appleton and Milwaukee(WI), and Naples (FL) TMI delivers exceptional client care across four primary service categories: Trustee, escrow and loan agency; IRA and custody; family office and investment partnerships; and specialized trust services.Visit www.tmico.com
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 11,000 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.
For further information: Patrick Pedonti, Chief Financial Officer, SS&C Technologies, +1-860-298-4738, [email protected], or Justine Stone, Investor Relations, SS&C Technologies, +1- 212-367-4705, [email protected]; or Randi Haney, PAN Communications (US), 617-502-4328, [email protected], http://www.ssctech.com