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US-based Westwood Holdings selects InvestCloud for its digital transformation

Westwood Holdings

Fabian Gomez, COO at Westwood Holdings Group Inc.

Texas-based investment management company Westwood Holdings Group Inc. has chosen InvestCloud to utilize the company’s entire suite of products for its digital transformation.

As a part of the transformation, Westwood will use InvestCloud’s client communication platform Blue, portfolio analysis solution Black, digital warehousing platform Orange, and trading and accounting apps solution InvestCloud Green.

The company has recently completed the installation of InvestCloud’ system replacing the old accounting one. It has deployed the Los Angeles-based supplier’s Overlay, Leverage, Replace (1-2-3) methodology, InvestCloud shared via a statement.

Westwood is expected to leverage InvestCloud’s platform to enhance data aggregation, warehousing and improve trade-order processing and accounting functions. The company is also likely to witness improved performance analytics and multi-currency/multi-asset class portfolios across all business lines via the new association.

With InvestCloud’s software, the investment management company is eyeing an approximate 50 percent cost saving and reduced reconciliation time for all accounts by up to 80 percent.

InvestCloud’s digital solutions offer its clients a financial platform along with a library of modular apps. The company’s programs writing programs (PWP) approach is a ‘code generating code’ methodology that offers customized solutions.

“InvestCloud is a modern, innovative solution that will enable us to grow and retain our clients while ensuring we have better operational efficiency within a single ecosystem,” Fabian Gomez, COO at Westwood commented.

Westwood has $15.4 billion in assets under management as of June 30, 2019, the statement stated.

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