ACE Software Solutions has announced the successful implementation of their payment processing platform PELICAN at Schroder’s London office. Schroders has seen a significant increase in their activities during 2007, particularly in the area of derivatives trading, which placed their previous system of handling payment processing under pressure. Many of the payment instructions were unique and this had required a higher than acceptable degree of manual intervention. The ACE solution brings a high degree of automation to their payment processing, enabling a more streamlined process that, in turn, enables resources to be more usefully deployed and greater volumes to be processed.
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