Ultimus completes second phase of uSUITE technology launch
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Ultimus completes second phase of uSUITE technology launch 24 September 2020Cincinnati Reporter: Maddie Saghir
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Ultimus Fund Solutions has completed the second phase of its uSUITE technology launch, as part of its innovative technology strategy.
uSUITE, which was originally launched in 2018, uses robotic process automation (RPA) to streamline back-end data processing, eliminating the need for manual intervention.
The various applications developed and implemented in the past few years have helped fund accounting and investor services workflow and transformed large areas of the operations to exception-based processing.
This initial framework allows Ultimus to begin releasing a number of client-facing applications through the rest of 2020 and thereafter.
Ultimus CEO Gary Tenkman added: “The next phase of uSUITE will include client-facing applications that will deliver new digital tools, revolutionary transparent oversight, and consolidated access points for investment managers. Our goal is to help clients turn data into information they can use to run their fund adviser businesses more effectively.”
By the end of 2020, Ultimus will roll out phase III of the uSUITE platform, which is set to provide data seamlessly to clients through applications that are currently in development and testing.
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