9 November 2015, London: Vermilion Software, the leading supplier of client reporting and communications software, announces today that it has won two categories at the Buy-Side Technology Awards 2015. In doing so Vermilion became the first vendor to ever take home the Best Implementation award three years in a row.
Vermilion secured the honours for ‘Best buy-side client reporting platform’ and ‘Best implementation at a buy-side firm’ at a gala lunch at Le Meridien Piccadilly Hotel in London on 6 November.
The Best Implementation award was for a deployment at Newark, New Jersey-based Quantitative Management Associates LLC (QMA), which manages equity and asset allocation portfolios for institutional and retail clients. Previously, each of QMA’s reports took an associate between one and four hours to produce. Since the implementation of Vermilion Reporting Suite (VRS), time to delivery has been cut by up to 90%, even for the most complex report. This has enabled QMA to meet challenging deadlines for new mandates with ease, something that would not have been possible with its old, manually-intensive process.
“Winning the Implementation award for three years in succession is a quite astonishing achievement for the team,” said Simon Cornwell, Global Sales and Marketing Director at Vermilion Software. “This award for the deployment at QMA also demonstrates that we are now a global firm, with over 20 successful implementations under our belt in North America.”
Last year, Vermilion made history in becoming the first client reporting vendor to collect accolades for ‘Best buy-side client reporting platform’, ‘Best implementation at a buy-side firm’ and ‘Best buy-side product for 2014’ all in the same year.