Airplane and train manufacturer Bombardier has implemented SS&C Technologies’s asset management software-as-a-service (SaaS) platform for the investment activities of its US, UK and Canadian pension plans.
Bombardier selected SS&C because of its fixed income and derivatives expertise, rebalancing capabilities and custodial data integration, according to SS&C.
The software provider worked with Bombardier's pension asset management service to implement an integrated front-, middle- and back-office solution, providing a consolidated book of record and reports.
“We are very pleased with how SS&C's asset management platform has transformed our operational processes,” said Dominique Paquay, the director of administration and accounting at Bombardier’s pension asset management service. “The benefits of having a robust integrated platform from an established partner made it an easy decision to go with SS&C.”
Bill Stone, the chairman and CEO of SS&C, added: “With our cloud-based platform we introduced a best-in-class workflow between Bombardier's trading and operations teams.”
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