Addenda Capital Selects Coric for Automated Client Reporting and Communications

TORONTO, March 20, 2014 /PRNewswire/ --

Addenda Capital ("Addenda"), a leading Canadian institutional asset manager with offices in Montréal, Guelph, Toronto and Regina, has selected Coric™ Client Communications from Equipos to automate the firm's client reporting process.  

Coric Client Communications is a multi-award-winning end-to-end client reporting and communications suite used by buy-side firms to enrich client experience and increase operational efficiency. As the world's-leading client reporting and communications system, Coric is now used by five of the leading Canadian financial institutions.

Along with process efficiency and operational cost savings, Coric will enable Addenda to decrease the number and complexity of report templates as well as ensure quicker delivery, thereby improving the firm's client reporting process.

Coric will generate more than 800 management reports, in both English and French, for Addenda's institutional and high net worth clients located in Canada and in the U.S.. In the future, Addenda intends to use Coric to automate other client communications, external marketing collateral and internal reports.

"Addenda is positioned for growth and we need a partner who can take our client reporting process to the next level," said Roger Beauchemin, Chief Operating and Financial Officer at Addenda. "Equipos' stellar reputation in the client reporting industry and commitment to the Canadian market impressed us, making the decision to choose Equipos an easy one."

Charles Leblanc, Vice President, Operations and IT at Addenda, added, "Coric will allow us to optimize our client reporting process and significantly reduce production times, thereby enhancing client service and improving client experience. When evaluating client reporting and communications solutions, our team was extremely impressed with Coric's flexibility, report personalization, sophisticated and customizable workflow, and ability to integrate nicely with our existing data warehouse."

According to Mike Hendy, Vice President, North America at Equipos, "We are excited to be partnering with Addenda Capital on their client reporting initiative and adding to our rapidly expanding list of Canadian clients. Coric will easily scale as Addenda adds new clients, evolving in synch with their growing business."

About Equipos

Equipos is a leading international supplier of specialist document management, business process management, and client reporting solutions for investment and wealth management firms. Its flagship product is the multi-award-winning Equipos Coric™ Client Communications suite. Founded in 1999, the UK-based company employs around 50 staff with office locations in London, UK, Boston, USA, Toronto, Canada, as well as a technology center in Wolverhampton, UK. For more information about Equipos, please visit http://www.equiposgroup.com.

On March 1, 2014, Equipos was acquired by SimCorp, a leading provider of investment and portfolio management software and services to the world's leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds, and wealth managers. For more information about SimCorp, please visit http://www.simcorp.com.

About Addenda Capital

Addenda Capital is an investment management firm providing traditional and alternative solutions for North-American institutional and high net worth clients. We offer our clients expert services in a broad range of asset classes. Our mission is to add value through innovation, discipline and integrity, and to nurture genuine partnerships with our clients. Addenda Capital has offices in Montréal, Guelph, Toronto and Regina and its team of over 50 investment professionals manages $24.9 billion in assets on behalf of its clients. For more information about Addenda Capital, please visit http://www.addenda-capital.com

Contact:

Jessica Allen
+1-617-651-3286
[email protected]

SOURCE Equipos Inc.