Vermilion Software, the leading supplier of client reporting and communications software, today announces its victory at the Funds Europe Awards 2015. The honour, for ‘European Operations & Technology Provider of the Year – Back and Middle Office’, was received at the Tower of London on 26 November.

Vermilion was shortlisted alongside industry heavyweights Milestone Group and SS&C GlobeOp. It was therefore the only best-of-breed client reporting vendor to reach the last three.

Vermilion’s CEO Marcus Noble said: “We are thrilled to have received this accolade. It bears testimony to the innovative approach we have taken in our mission to empower client service professionals. We have, in effect, been voted the premier client reporting system provider by one of Europe’s most respected asset management periodicals.”

The last twelve months have witnessed some important product enhancements for Vermilion, but the firm’s primary focus remains on delivering successful implementations that provide tangible business benefits.

“We continue to challenge the industry’s reliance on the traditional RFP process and have championed the need for Proof of Concepts as a more cost-effective and rapid method of procurement that also highlights any potential risks,” said Simon Cornwell, Global Sales and Marketing Director at Vermilion Software. “We also help to define the problem, not just the answer, for our clients. Deep domain knowledge is required in order to truly understand a client’s challenges and to help define their new Target Operating Model. This is what sets us apart.”

Earlier this month, Vermilion made history in becoming the first vendor to ever win the ‘Best implementation’ category at the Buy-Side Technology Awards for three years in a row. It also won the category for ‘Best buy-side client reporting platform’ for the second year in succession.