Case Study: Top 10 US Bank achieves 30% reduction in operating costs with SS&C Technologies' EVOLV platform

Achieves 30% reduction in operating costs through automation of complex accounting processes on a platform-based approach

Top 10 US Bank, a financial institution with $350+ billion in assets, faced high operational costs and complex, siloed loan accounting processes caused by disparate legacy and acquired loan source systems, extensive reconciliations, multiple hand-offs, and divergent reporting requirements. To address these challenges the bank engaged SS&C Technologies to implement SS&C EVOLV as a platform-based solution for loan finance functions and data consolidation.

SS&C Technologies deployed SS&C EVOLV to integrate source data, enforce business rules, automate accounting treatments and provide unified reporting and analytics, eliminating point solutions and manual reconciliations. The platform simplified the bank’s operating architecture, improved regulatory defensibility and delivered measurable impact — enabling a 30% reduction in operating costs while providing a single, flexible reporting capability and substantial ROI.