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Silvercrest selects OpenText to modernise analytics capabilities

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Silvercrest Asset Management Group, a registered investment adviser that provides asset management and family office services, has selected OpenText to modernise its reporting environment.

Using OpenText, the company has more in-depth access to data for better control, deeper investment analysis and reporting tailored to its clients' needs.
 
Headquartered in New York City, Silvercrest Asset Management Group currently advises on USD18 billion worth of investments for families, endowments, foundations and institutions.
 
Silvercrest had been relying on its accounting system as a one-stop shop for its reporting needs, which was a very manual and time consuming process. The company required a web-based analytics and reporting platform that would allow it to build more professional reports and dashboards, tailored to its clients' needs.
 
"For me, the first goal was to present something that looks good and is also highly functional and easy to use," says Rohan Kalyanpur, senior vice president for Silvercrest Asset Management Group. "We wanted something much more in line with our branding, basically taking our reporting to the 21st century."
 
Silvercrest ultimately chose to implement OpenText Information Hub (iHub) and OpenText Analytics Designer.
 
"Having used OpenText iHub at previous companies, I was already familiar with its advanced business intelligence (BI) and reporting capabilities and knew it could keep up with our plans to help clients better engage with their data. And, ultimately, the solution would fill our internal reporting needs as well. OpenText had all of the features that we wanted," says Kalyanpur.  
 
Silvercrest advisers are now able to drill down to a more complex breakdown, for more detailed analysis of their client's investments and spending, enhancing overall transparency.
 
"We're able to give a lot more complexity in terms of how to view the data. In the past, with most reporting done from the accounting system, we lacked details. Now, there is a lot more transparency and complexity in what they do," Kalyanpur says.

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