Top Hedge Technology Firm Chooses RR Donnelley's ArcReporting Application for Client Fund Financial Statement Reporting
June 20 2016 - 5:00AM
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 DonnelleyRR 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 StatementsThis 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@rrd.com
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