SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced that TMI Trust Company (TMI) has selected SS&C Precision LM™ loan servicing and accounting solution to support its growing corporate loan agency services.
TMI Trust Company is a leading corporate trustee that offers a full array of trust and agency services, including corporate loan agency services, trust and escrow services, IRA custodial services, and family office/investment partnership services.
Precision LM™ will provide TMI with a fully-integrated, automated, and scalable software platform that will enhance its ability to deliver expert loan servicing to the corporate loan markets. Precision LM will allow TMI to handle all of its lender structures, commercial and corporate loan products, including unitranche, bilateral, club and broadly syndicated loans on a single platform. Precision LM will also automate key processes such as roll-overs and rate resets, covenant tracking, amendments and assignments, invoicing and cash-flows, reporting, escrow administration, and executive dashboards.
“After an extensive due diligence process, we determined that SS&C’s superior software technology and extensive industry expertise made Precision LM the platform of choice to grow our business,” said Michael Weber, Executive Vice President of TMI Trust Company. “As our loan agency services continue to grow in size and complexity, the versatility of Precision LM will allow us to offer our clients the innovative and bespoke products that best serve their needs.”
SS&C Precision LM is a fully integrated platform that will automate the primary servicing and accounting operations of TMI Trust Company. The solution will provide more robust reporting and analytics, and will improve transparency and auditability.
“Precision LM will enable TMI to streamline business processes to achieve scale and consistency,” said Stan Szczepanik, SS&C’s Vice President, Institutional and Investment Management. “TMI’s staff will now be able improve workflow efficiencies, reduce the risk of errors with a single point of entry, and enhance services relationships with its clients.”
Global Banking & Finance Review
Why waste money on news and opinions when you can access them for free?
Take advantage of our newsletter subscription and stay informed on the go!
Business4 days ago
Trinidad & Tobago Unit Trust Corporation Expands Caribbean Footprint with the Promise of More ‘Transformational Changes’
Banking2 days ago
Open banking: Shaping the future of FinTech and Finance
Top Stories1 day ago
France’s Eramet and Suez pick Dunkirk for EV battery recycling
Technology3 days ago
It is a certainty that new roles will be created as a result of AI – we just don’t know what they are yet