Schroders upgrades with PELICAN payment software

by Gill Montia

Story link: Schroders upgrades with PELICAN payment software

Schroders, the global asset management company, has upgraded its payment processing software.

The firm, which has experienced strong growth in the past year, particularly in the area of derivatives trading, has made the improvement because many of its payment instructions were unique and had to be processed manually.

The new PELICAN software has been installed by ACE Software Solutions and will allow Schroders to enjoy a high degree of automation in their payment processing.

Matthew Oakeley, Group Head of IT at Schroders comments: “PELICAN was a cost-effective solution to a business problem at a time when large strategic implementations were not desirable. Our business requirements were met with minimal impact on other initiatives.”

Schroders has around £137 billion under management and its clients include pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors.