Case Study: ProShares achieves streamlined, lower-risk fund operations with SS&C Technologies' IBOR implementation

ProShares - Customer Case Study

ProShares faced a manual, desk‑by‑desk operational model that limited scalability and increased operational risk as it expanded its ETF and mutual fund lineup. To create a centralized Investment Book of Record (IBOR) and improve data integrity, segregation of duties and automation, ProShares partnered with SS&C Technologies—implementing the SS&C Advent Geneva IBOR platform alongside Electra’s STaARS reconciliation tool—to replace fragmented processes and support growth.

SS&C Technologies helped deliver the IBOR over a ~16‑month program (12 months to configure plus 4–6 months to onboard 250+ funds, including 130+ ETFs and 120+ mutual funds). The combined Geneva/STaARS solution consolidated and eliminated duplicate desk work, reduced operational workloads, enabled more detailed reconciliations for accurate NAV closeouts, sped end‑of‑day processing, and freed portfolio managers to focus on trading and strategy.

ProShares