Silvercrest Asset Management Group Selects OpenText to Modernize Its Analytics Capabilities for the Digital World

• Published in: Canada NewsWire
• Format: Newsletter
• Language: English
• Published: Ottawa PR Newswire Association LLC 26.10.2016
• Subjects: Accounting systems; Asset management; Institutional investments; Kalyanpur, Rohan; Logos; Modernization; Securities analysis; Trademarks; WATERLOO, Ontario, Oct. 26, 2016

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Headquartered in New York City, Silvercrest Asset Management Group LLC currently advises on $18 billion worth of investments for families, endowments, foundations and institutions. Silvercrest had been relying on its accounting system as a one-stop shop for its reporting needs, which was a very manual and time consuming process. The company required a web-based analytics and reporting platform that would allow it to build more professional reports and dashboards, tailored to its clients' needs. The solution also needed to scale as Silvercrest's client list grew, be accessible through Silvercrest's online portal and deliver reports in the clients' preferred output. Most importantly, the new solution would have to seamlessly draw data from its existing systems.