HedgeServ
describes switch to ArcReporting as "a major step forward" in terms
of efficiency
DUBLIN, Ireland, June 20, 2016
(GLOBE NEWSWIRE) -- R. R. Donnelley &
Sons Company (Nasdaq:RRD) announced today that HedgeServ
will use the RR Donnelley ArcReporting solution for the creation of
its clients' financial reports. HedgeServ is an independent,
full-service global fund administrator headquartered in New York
City and Dublin.
Using the ArcReporting tool, HedgeServ can now
import data to automatically produce complete alternative fund
financial statements, including statements, footnotes and related
disclosures.
Justin Nadler - Co-Founder & President: "We
now have a fully mapped and automated template for creating fund
financial statements, with integrated proofing tools that allow us
to cross-check the various data sources. This improves the accuracy
and efficiency of the financial statement production and review
process internally for HedgeServ, for our clients and the funds
auditors."
Marcus Malley - Managing Director & Head of
Financial Reporting: "This is a major step forward for us in terms
of efficiency. This fully automated financial statement reporting
solution is designed to meet the specific requirements of
alternative funds and will continue to help us deliver exceptional
service to clients."
Eric Johnson, RR Donnelley's Senior Vice
President, Global Investment Markets, said: "We are very pleased to
have the opportunity to meet the needs of HedgeServ. Our solution
is designed to be effective for all fund structures including
mutual funds and hedge funds, across multiple domiciles. It
leverages technology to provide intuitive financial reporting
controls and mitigates the risks associated with producing
financial statements."
The ArcReporting application manages and
simplifies the increasing complexity of fund reporting, delivering
both data management capabilities and outputting into various
publishing formats. ArcReporting is part of FundSuiteArcĀ®, an
online, self-service content management platform that stores and
manages information in a central repository so compliance and
regulatory documents can be easily accessed, edited and
rendered.
About
HedgeServ
HedgeServ is an independent, full-service fund administrator with a
client-centric model. Headquartered in New York City and Dublin,
HedgeServ currently services over $300 billion of assets under
administration, with more than 1000 professionals across its eight
offices. For more information, visit the company's website at
www.hedgeserv.com.
About RR
Donnelley
RR Donnelley (Nasdaq:RRD) helps organizations communicate more
effectively by working to create, manage, produce, distribute and
process content on behalf of our customers. The company assists
customers in developing and executing multichannel communication
strategies that engage audiences, reduce costs, drive revenues and
increase compliance. RR Donnelley's innovative technologies enhance
digital and print communications to deliver integrated messages
across multiple media to highly targeted audiences at optimal times
for clients in virtually every private and public sector.
Strategically located operations provide local service and
responsiveness while leveraging the economic, geographic and
technological advantages of a global organization.
For more information, and for RR Donnelley's
Global Social Responsibility Report, visit the company's web site
at www.rrdonnelley.com.
Use of Forward-Looking
Statements
This news release may contain "forward-looking statements" within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended, and the U.S. Private Securities Litigation Reform Act
of 1995. Readers are cautioned not to place undue reliance on these
forward-looking statements and any such forward-looking statements
are qualified in their entirety by reference to the following
cautionary statements. All forward-looking statements speak only as
of the date of this news release and are based on current
expectations and involve a number of assumptions, risks and
uncertainties that could cause the actual results to differ
materially from such forward-looking statements. Readers are
strongly encouraged to read the full cautionary statements
contained in RR Donnelley's filings with the SEC. RR Donnelley
disclaims any obligation to update or revise any forward-looking
statements.
Investor Contact:
Dave Gardella, Senior Vice President Finance
Tel: +1 312-326-8155
E-mail: david.a.gardella@rrd.com