Case Study: Top 40 US Bank (>$65B assets) achieves 18% cost savings and streamlined, automated finance architecture with SS&C Technologies' EVOLV

Streamlines finance architecture, automates accounting processes, and enhances reporting capabilities

Top 40 US Bank, a $65+ billion institution, faced high operational costs with 100+ employees involved in the accounting close, eight affiliates running disparate legacy loan systems, heavy reliance on spreadsheet-driven manual processes, inflexible systems, and limited loan-level transparency. To address these challenges they engaged SS&C Technologies and implemented SS&C EVOLV to unify accounting across affiliates and modernize loan accounting and reporting.

SS&C Technologies implemented SS&C EVOLV to ingest and unify loan data, automate loan-level events and accounting (including non-accrual accounting and contractual level-yield deferred fee amortization), and provide richer reporting and analytics. The deployment delivered an 18% cost savings through process simplification and automation, improved productivity and loan-level transparency for faster analysis, stronger financial controls via automated integrations, and positioned the bank for scalable growth.