Top Hedge Technology Firm Chooses RR Donnelley's ArcReporting Application for Client Fund Financial Statement Reporting
(Thomson Reuters ONE) -
HedgeServ describes switch to ArcReporting as "a major step forward" in terms of
efficiency
DUBLIN, Ireland, June 20, 2016 (GLOBE NEWSWIRE) -- R. R. Donnelley & Sons
Company (Nasdaq:RRD) announced today that HedgeServ will use the RR Donnelley
ArcReporting solution for the creation of its clients' financial reports.
HedgeServ is an independent, full-service global fund administrator
headquartered in New York City and Dublin.
Using the ArcReporting tool, HedgeServ can now import data to automatically
produce complete alternative fund financial statements, including statements,
footnotes and related disclosures.
Justin Nadler - Co-Founder & President: "We now have a fully mapped and
automated template for creating fund financial statements, with integrated
proofing tools that allow us to cross-check the various data sources. This
improves the accuracy and efficiency of the financial statement production and
review process internally for HedgeServ, for our clients and the funds
auditors."
Marcus Malley - Managing Director & Head of Financial Reporting: "This is a
major step forward for us in terms of efficiency. This fully automated financial
statement reporting solution is designed to meet the specific requirements of
alternative funds and will continue to help us deliver exceptional service to
clients."
Eric Johnson, RR Donnelley's Senior Vice President, Global Investment Markets,
said: "We are very pleased to have the opportunity to meet the needs of
HedgeServ. Our solution is designed to be effective for all fund structures
including mutual funds and hedge funds, across multiple domiciles. It leverages
technology to provide intuitive financial reporting controls and mitigates the
risks associated with producing financial statements."
The ArcReporting application manages and simplifies the increasing complexity of
fund reporting, delivering both data management capabilities and outputting into
various publishing formats. ArcReporting is part of FundSuiteArc®, an online,
self-service content management platform that stores and manages information in
a central repository so compliance and regulatory documents can be easily
accessed, edited and rendered.
About HedgeServ
HedgeServ is an independent, full-service fund administrator with a client-
centric model. Headquartered in New York City and Dublin, HedgeServ currently
services over $300 billion of assets under administration, with more than 1000
professionals across its eight offices. For more information, visit the
company's website at www.hedgeserv.com.
About RR Donnelley
RR Donnelley (Nasdaq:RRD) helps organizations communicate more effectively by
working to create, manage, produce, distribute and process content on behalf of
our customers. The company assists customers in developing and executing
multichannel communication strategies that engage audiences, reduce costs, drive
revenues and increase compliance. RR Donnelley's innovative technologies enhance
digital and print communications to deliver integrated messages across multiple
media to highly targeted audiences at optimal times for clients in virtually
every private and public sector. Strategically located operations provide local
service and responsiveness while leveraging the economic, geographic and
technological advantages of a global organization.
For more information, and for RR Donnelley's Global Social Responsibility
Report, visit the company's web site at www.rrdonnelley.com.
Use of Forward-Looking Statements
This news release may contain "forward-looking statements" within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S.
Private Securities Litigation Reform Act of 1995. Readers are cautioned not to
place undue reliance on these forward-looking statements and any such forward-
looking statements are qualified in their entirety by reference to the following
cautionary statements. All forward-looking statements speak only as of the date
of this news release and are based on current expectations and involve a number
of assumptions, risks and uncertainties that could cause the actual results to
differ materially from such forward-looking statements. Readers are strongly
encouraged to read the full cautionary statements contained in RR Donnelley's
filings with the SEC. RR Donnelley disclaims any obligation to update or revise
any forward-looking statements.
Investor Contact:
Dave Gardella, Senior Vice President Finance
Tel: +1 312-326-8155
E-mail: david.a.gardella(at)rrd.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: RR Donnelley via GlobeNewswire
[HUG#2021068]
Datum: 20.06.2016 - 11:00 Uhr
Sprache: Deutsch
News-ID 478651
Anzahl Zeichen: 5608
contact information:
Kategorie:
Business News
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