LONDON--(BUSINESS WIRE)--Vermilion Software, a global supplier of client reporting and communications software for the financial asset management industry, and Narrative Science, the leader in advanced natural language generation (Advanced NLG) for the enterprise, today announce a game-changing new partnership that for the first time enables asset management firms to fully automate the writing of portfolio commentary and embed this capability directly within a client reporting suite.
The commentary generation capability powered by Quill, the Advanced NLG platform offered by Narrative Science, will be integrated within the Vermilion Reporting Suite (VRS). Quill writes portfolio commentary in seconds, automatically customized to adhere to a firm’s brand guidelines. In this way Quill serves to dramatically decrease costs stemming from a process that traditionally takes firms a few weeks to complete.
“Bottlenecks in client reporting workflow stem from a variety of sources and an integration like this solves more than one challenge,” said Denise Valentine, senior analyst of Aite Group. “Technology firms are increasingly partnering to add greater value to clients to help save time, resources, and costs. These partnerships are becoming game-changers for the industry, in this case empowering companies to fully automate their reporting function.”
The integration provides a range of benefits including the ability to:
● Fully streamline the portfolio commentary process - creating, gathering and distributing client commentary is greatly enhanced by placing all client information needs in one location.
● Exponentially scale reporting coverage and frequency - end-to-end automation addresses the needs of high volume or rapidly scaling investment management businesses.
● Enhance employee productivity - firms can cut commentary creation and reporting time from weeks to seconds, freeing up valuable staff to focus on higher-value tasks.
“This fully integrated offering will be invaluable to our joint clients as writing portfolio commentary is a universal pain point in the reporting process,” the Senior Vice President, Client Services of Vermilion Software, Ben McCormack, shared. “After licensing the commentary generation capability, clients will experience immediate return, be positioned to deliver compliant, high-quality client experiences and be equipped for rapid growth.”
“This partnership represents a milestone for both companies and a major innovation for the asset management industry,” said Nick Beil, COO of Narrative Science. “Embedding Quill into Vermilion’s Reporting Suite offers our clients a unique competitive advantage - the ability to get to market faster by fully automating the processes around commentary creation and distribution.”
About Vermilion Software
Vermilion Software (Vermilion) is the leading global provider of client reporting and communications software and services to the financial asset management industry.
Our flagship product, Vermilion Reporting Suite (VRS) is designed to deliver accurate, flexible, and scalable client reporting and communications, empowering client service professionals to deliver multilingual, graphical, marketing-quality reports, all of which can be created through an automated process. VRS is available as a hosted service, or an in-house installation.
About Narrative Science
Narrative Science is the leader in advanced natural language generation for the enterprise. Its Quill™ platform, an intelligent system, analyzes data from disparate sources, understands what is interesting and important to the end user and then automatically generates perfectly written narratives for any intended audience, at unlimited scale. A diverse range of companies such as USAA, American Century Investments, MasterCard, and the U.S. intelligence community utilize Quill to increase efficiency through the elimination of time-consuming, manual processes related to analyzing data and communicating insights, freeing employees to focus on high value activities and better serving their customers.
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