SS&C Technologies Holdings, Inc. Accelerates Straight-Through-Processing with New Release of Its Chorus Platform
July 15, 2021 at 09:00 am EDT
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SS&C Technologies Holdings, Inc. (SSNC) announced that SS&C's Intelligent Automation Solutions has made substantial upgrades to its SS&C Chorus intelligent automation platform with its latest software release, Chorus BPM 21.1. SS&C Chorus is designed to accelerate straight-through processing, reduce operational risk, enhance digital customer journeys, and speed innovation. The platform is purpose-built for complex, highly regulated banking, financial services, insurance, and health markets worldwide. The latest release features: Low-code design capabilities to create customer-facing forms to intake data and trigger processes; New data automation features to interface with other systems via APIs, transform data, and initiate workflows;
Enhanced processors with a revamped user experience featuring a drag-and-drop layout, extensive hotkeys, and enhanced personalization; New Process Test Automation to reduce the manual testing needed for mission-critical processes and; Increased accuracy of Quality Check AI, its newest machine learning feature, reduces costly errors and completes quality reviews faster. For example, companies using random sampling or rules to flag work items for quality review, Quality Check AI predicts the work items at higher risk for error. SS&C Chorus offers standalone pre-designed applications for rapid deployment. Going live with the pre-designed applications enables organizations to quickly streamline and automate processes, minimize risk and rapidly scale implementations. Applications include commercial loan servicing, retirement middle office and hardship withdrawals, and insurance onboarding. More Chorus standalone applications are on the Chorus roadmap for the asset management, wealth management and health sectors.
SS&C Technologies Holdings, Inc. is a global provider of services and software for the financial services and healthcare industries. The Company provides software-enabled services that allow financial services providers to automate business processes. The Company allows its clients to automate and integrate front-office functions such as trading and modeling, middle-office functions such as portfolio management and reporting, and back-office functions such as accounting, transfer agency, compliance and regulatory services. The Company provides its solutions within the institutional asset and wealth management, alternative investment management, retirement, financial advisory and financial institutions vertical markets. It provides solutions to the healthcare industry, including pharmacy, healthcare administration and health outcomes optimization solutions. Its healthcare solutions include claims adjudication, benefit management, care management and business intelligence services.