Vermilion Software and Narrative Science Form a Strategic Partnership

Vermilion Software and Narrative Science Form a Strategic Partnership
20.05.2016 07:45 am

Vermilion Software and Narrative Science Form a Strategic Partnership

Asset Management

Vermilion Software and Narrative Science announce a game-changing new partnership that for the first time enables asset management firms to fully automate the writing of portfolio commentary and embed this capability directly within a client reporting suite.

The commentary generation capability powered by Quill, the Advanced NLG platform offered by Narrative Science, will be integrated within the Vermilion Reporting Suite (VRS). Quill writes portfolio commentary in seconds, automatically customized to adhere to a firm’s brand guidelines. In this way Quill serves to dramatically decrease costs stemming from a process that traditionally takes firms a few weeks to complete.

“Bottlenecks in client reporting workflow stem from a variety of sources and an integration like this solves more than one challenge,” said Denise Valentine, senior analyst of Aite Group. “Technology firms are increasingly partnering to add greater value to clients to help save time, resources, and costs. These partnerships are becoming game-changers for the industry, in this case empowering companies to fully automate their reporting function.”

The integration provides a range of benefits including the ability to:

● Fully streamline the portfolio commentary process - creating, gathering and distributing client commentary is greatly enhanced by placing all client information needs in one location.

● Exponentially scale reporting coverage and frequency - end-to-end automation addresses the needs of high volume or rapidly scaling investment management businesses.

● Enhance employee productivity - firms can cut commentary creation and reporting time from weeks to seconds, freeing up valuable staff to focus on higher-value tasks.

“This fully integrated offering will be invaluable to our joint clients as writing portfolio commentary is a universal pain point in the reporting process,” the Senior Vice President, Client Services of Vermilion Software, Ben McCormack, shared. “After licensing the commentary generation capability, clients will experience immediate return, be positioned to deliver compliant, high-quality client experiences and be equipped for rapid growth.”

“This partnership represents a milestone for both companies and a major innovation for the asset management industry,” said Nick Beil, COO of Narrative Science. “Embedding Quill into Vermilion’s Reporting Suite offers our clients a unique competitive advantage - the ability to get to market faster by fully automating the processes around commentary creation and distribution.”

Related News

Exberry launches multi-asset class exchange infrastructure

Exberry has launched its multi-asset class exchange infrastructure designed to enable traditional, alternative and digital asset exchanges to launch, pivot and scale. 

... Read more »

CQG Licenses Software Assets from Blue Trading Systems (BTS) to Deploy Exclusive, Robust Suite of Custom Algorithms, Low-Latency Spreader Environment

CQG, a leading global provider of high-performance technology solutions for traders, brokers, commercial hedgers, and exchanges, today announced that it has... Read more »

Cassini Systems Named Best Margining Solution in FTF News Technology Innovation Awards 2020

Cassini Systems, the leading provider of pre- and post-trade margin and collateral... Read more »

Finastra and Hundsun ink strategic technology partnership to boost growing Chinese asset management industry

Finastra, a global financial technology firm headquartered in the UK, has today announced a... Read more »

Koine partners with GCEX to provide global client-base with ultra-secure segregated custody and settlement

Koine, the provider of segregated, institutional custody and settlement services for digital assets and fiat money, has integrated with digital broker GC Exchange Limited (GCEX... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel