Business & Tech

Windsor's SS&C Adds United Nations to Clientele

Bill Stone, SS&C CEO, said the company is delighted to assist UNFCU in reducing costs while maintaining existing service levels.

SS&C (NASDAQ: SSNC), a Windsor-based provider of financial and investment software, announced recently the United Nations Federal Credit Union (UNFCU) is now incorporating the use of its CAMRA software into its investment accounting reporting mix.

According to SS&C, its CAMRA software "generates detailed accounting postings at individual transaction levels and updates account balances relating to the booking of transactions."

"Reducing costs, while maintaining existing service levels, is the key area of focus in the back office for organizations large and small," Bill Stone, SS&C chairman and CEO, said in a recent statement. "We are delighted to have worked with UNFCU in this area.

UNFCU has $3.8 billion in assets and provides services for its staff, internal agencies, retirees and their families.

"With nearly 100,000 members in more than 200 countries and territories spanning six continents, the need to provide exceptional services to our members is our priority," UNFCU Senior Vice President Donald Roe said. "Since the system's implementation, we are achieving a more streamlined process in our back office through the complete and cost-effective software solution CAMRA provides."

SS&C is headquartered in Windsor and provides software to 5,500 financial organizations and institutions around the globe, according to its website. Together, the company's clientele manage assets amounting to more than $26 trillion.


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