Schroders go live on FundWorks client reporting solution, FundReports

06 May 2008, London UK

FundWorks today announces that, following a successful implementation, Schroders have gone live on FundWorks’ client reporting and communications platform, FundReports.The implementation of FundReports at Schroders, a constituent of a larger programme of technology infrastructure renewal, initially focused on the requirement to provide a fully automated solution for the production of their Client Valuation Reports.

By taking advantage of the integrated data-mart, Schroders have solved a number of data management challenges that emerged during the course of the project. This included creating client specific reporting classification structures by transforming internal classification schemas that were maintained on upstream systems within Schroders systems environment.

Jason Wood, Head of Fund Accounting at Schroders said: “I am extremely pleased with the progress to date of what has been a complex and challenging integration and delivery project. FundReports alongside our other market leading applications has provided us with a best of breed tool kit to support our increasingly diversified business and client requirements. We are now positioned well to attain our medium and long term goals providing a high quality service proposition with efficient use of resource.”

Phil Goffin, CEO FundWorks said: “The availability of experienced data management and client reporting resources at both Schroders and FundWorks has ensured the project’s success”. He continued, “We look forward to continuing to work alongside Schroders as they enhance their reporting requirements to incorporate further content and report types on the FundReports platform”.

About Schroders

Schroders is a global asset management company with £139 billion under management as at 31 December 2007. Our clients are major financial institutions including pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors. We apply our specialist asset management skills in serving the needs of our clients worldwide. With one of the largest networks of offices of any dedicated asset management company and over 250 portfolio managers and analysts covering all the major investment markets, we offer our clients a comprehensive range of products and services.

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