Top Hedge Technology Firm Chooses RR Donnelley's ArcReporting Application for Client Fund Financial Statement Reporting
DUBLIN, Ireland, 2016-06-20 11:00 CEST (GLOBE NEWSWIRE) --
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.
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 Donnelley
RR 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 Statements
This 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.
Dave Gardella, Senior Vice President Finance
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