SS&C Technologies: Optimism Despite Challenging Comparisons

SS&C Technologies looks optimistically towards the fourth quarter of 2023, despite an exceptionally strong previous year's performance. The company's CEO, William Stone, acknowledged that the bar is set high. Nevertheless, he remains confident that a well-filled order backlog will lead to significant results again this quarter. The company's caution is justified given past successes. At the same time, SS&C places high hopes in Blue Prism to enhance cost efficiency. Stone expressed enthusiasm about the idea of reducing the number of systems and increasing digital workforce capabilities. CFO Brian Schell added that consolidating systems and increasingly refining digital work will help continue boosting efficiency. Looking ahead to the year 2025, SS&C is optimistic. The company has a strong field service team and sees numerous global opportunities ahead. It hopes for positive surprises through cross-selling opportunities by making optimal use of its own resources and market access. Another highlight of recent developments at SS&C is the growth in alternative assets under management (AUM). Stone attributed this success to favorable market conditions and SS&C's strong clientele, which includes large platforms with significant new business. The focus is on creating added value through new technologies and processes and supporting customers.