Sound Shore Management, a long-time INDATA OMS client, conducted an industry search as part of an initiative to replace its legacy portfolio accounting system. With a preference to maintain an on-prem environment, the $3.8 billion asset manager evaluated other providers before ultimately selecting INDATA to support its broader back-office needs, including portfolio accounting, reporting, performance, reconciliation, and data services. The decision allowed Sound Shore to modernize its operations while preserving the deployment model that best fits its business.
INDATA worked closely with the team to replicate existing customized reports and tailor workflows to match how the firm operates day to day, which is key for a robust portfolio accounting solution. Sound Shore also implemented INDATA’s Managed Services and automated reconciliation, helping streamline operations while improving data consistency.
Today, Sound Shore runs its investment operations on a unified INDATA platform that replaces its legacy portfolio accounting with a single foundation for front-to-back-office processing and reporting.
“INDATA supported our move away from our legacy portfolio accounting system without forcing changes to how we operate. From deployment flexibility to customized reporting and automated reconciliation, the platform fits our business and aligns with how our firm works.”
— Lowell E. Haims, Chief Administrative Officer, Sound Shore Management
The result is a more efficient operating environment that reduces manual effort, supports customized workflows, and provides greater confidence in data across the organization.
This implementation reflects a broader shift happening across the buy-side: firms are modernizing core systems while prioritizing flexibility, control, and platforms that adapt to their business.
About INDATA®
INDATA is a leading specialized provider of SaaS (Software-as-a-Service), technology, and managed outsourcing services for buy-side firms, including trade order management (OMS), portfolio management, compliance, portfolio accounting, and front-to-back office. INDATA iPM Portfolio Architect AI™ is the industry’s first portfolio construction, modeling, rebalancing, and reporting tool based on AI and Machine Learning. INDATA’s iPM – Intelligent Portfolio Management® technology platform allows end users to collaborate efficiently in real-time across the enterprise and contains the best-of-class functionality demanded by sophisticated institutional investors, wealth managers, and hedge funds. The company’s mission is to provide clients with cutting-edge technology products and services to increase trading and operational efficiency while reducing risk and administrative overhead.
INDATA provides software and services to a variety of buy-side clients, including asset managers, registered investment advisors, banks and wealth management firms, pension funds, and hedge funds. Assets under management range from under $1 billion to more than $100 billion across a variety of asset classes globally. For more information, visit www.indataipm.com
