Deepening Partnership between Ultimus and Xceptor
In a significant move, Ultimus Fund Solutions and Xceptor have strengthened their six-year partnership, integrating Xceptor's data automation and AI-driven platform into Ultimus' proprietary uSUITE system. This strategic move aims to improve operational efficiency, reduce risk, and set a new industry standard for fund administration services.
Ultimus, headquartered in Cincinnati, US, offers fund administration, accounting, middle office, and investor solutions for registered funds, private funds, and public plans. With over $725bn in assets under administration, the company services more than 2,300 traditional and alternative funds.
The integration of Xceptor's platform automates data ingestion, aggregation, reconciliation, and straight-through processing across all of Ultimus' applications. This transformation speeds up workflows, enhances data accuracy, and minimizes the need for manual intervention and errors.
Jason Stevens, Executive Vice President and Chief Technology Officer at Ultimus, stated that Xceptor's automation capabilities have significantly reduced data processing time. Stevens also highlighted that automation has minimized operational risks, eliminated manual errors, and reduced the need for human intervention in routine tasks.
Grant Coombe, Xceptor's Chief Revenue Officer, expressed excitement about expanding the use of their data automation platform to Ultimus Fund Solutions. Coombe noted that this expanded partnership sets a new industry standard for operational efficiency and accuracy in fund administration.
Key impacts of this partnership include faster processing, enhanced data accuracy, risk reduction, customized reporting, and operational agility. Tasks that previously took hours for fund accountants now take seconds, enabling rapid turnaround and more efficient resource allocation. Automation ensures higher-quality data and reports delivered to clients, lowering operational risk, and supporting compliance and reliability across global verticals and business lines.
The platform enables customized solutions, self-serve data access, and seamless integrations for clients, improving overall service experience and client satisfaction. The embedded AI and robotic processing software allow scalable and agile responses to dynamic data workflows and exceptions management, ensuring resilience and adaptability in complex markets.
Xceptor's data automation platform is currently being used by 125 clients and over 11,500 users across 60 countries. The company provides services to 14 of the top 50 global banks and seven of the top 10 global custodians. This expanded partnership aims to increase operational efficiency and reduce risk across various industries.
In conclusion, this strategic expansion leverages cutting-edge automation technology to advance Ultimus’ position as a leader in technologically driven, client-centric fund administration services. The partnership between Ultimus Fund Solutions and Xceptor is transforming both operations and go-to-market service offerings in the fund administration industry, setting the benchmark for the future needs of the industry.
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