SS&C Unveils Next-Gen Hybrid Intelligent Automation Platform

Rhea-AI Summary

SS&C Technologies Holdings, Inc. introduces SS&C Blue Prism Next Generation intelligent automation platform, revolutionizing cloud adoption for organizations with stringent security and compliance requirements. The platform offers enhanced agility, scalability, and access to cutting-edge capabilities, streamlining worker management, process scheduling, and automation monitoring. With features like process design, centralized storage, secure execution, and cloud-based operations, Next Gen aims to empower organizations to leverage cloud automation efficiently and securely.

Insights

Market Research Analyst

The introduction of SS&C Blue Prism's Next Generation platform is a strategic move in the intelligent automation (IA) market, which is experiencing substantial growth due to increasing demand for efficiency and digital transformation across various industries. The emphasis on cloud adoption while maintaining security and compliance is particularly relevant for organizations in regulated sectors such as financial services, healthcare and insurance.

From a market perspective, this release could enhance SS&C's competitive positioning by offering a solution that addresses common barriers to cloud automation adoption, such as security concerns and compliance challenges. The hybrid-based delivery model may also provide the flexibility needed by enterprises that are not yet ready to fully migrate to the cloud. This approach could potentially lead to an expansion of SS&C's customer base and an increase in market share, especially among cautious adopters in highly regulated industries.

Moreover, the platform's features, such as the Design Studio and centralized storage with version control, are designed to streamline the process design and deployment, which could improve operational efficiencies for existing and new customers. The ability to scale and adapt quickly to changing priorities may also be viewed as a competitive edge, potentially impacting SS&C's stock value positively if the platform gains significant adoption.

Cybersecurity Expert

Security and compliance are paramount in today's digital landscape, especially for organizations handling sensitive data. SS&C Blue Prism's Next Gen platform's focus on these aspects is a significant development for businesses wary of cloud vulnerabilities. The platform's secure execution feature, which allows digital workers to operate within an organization's network, ensures that sensitive data does not leave the site, which is a critical requirement for many potential clients.

By addressing the stringent security needs of regulated industries, SS&C is tapping into a niche market that requires both innovative technology and robust security measures. This strategic focus on cybersecurity could not only attract new customers but also retain existing ones who might otherwise be concerned about the security implications of moving to cloud-based solutions. In the long run, this could translate into sustained revenue growth for SS&C, as trust in their platform's security can lead to longer-term contracts and client loyalty.

Financial Services Industry Analyst

The financial services sector is one of the primary industries that stand to benefit from SS&C Blue Prism's Next Gen platform. The sector's regulatory environment requires strict adherence to compliance standards and the platform's ability to meet these standards while providing cloud-based automation is significant. For financial institutions, the agility and scalability offered by Next Gen could lead to cost savings, improved compliance posture and enhanced customer service capabilities.

Financial institutions are under constant pressure to innovate and improve operational efficiency and Next Gen's promise of reducing infrastructure overheads and upgrading digital workers on demand aligns with these goals. The adoption of Next Gen by financial services firms could improve SS&C's revenue streams and strengthen its market position within this vertical. Additionally, the success of Next Gen in the financial services industry could serve as a case study for adoption in other regulated industries, potentially leading to broader market penetration.

SS&C Blue Prism Next Generation (Next Gen) represents a milestone in intelligent automation (IA), facilitating cloud adoption without compromising security and compliance

WINDSOR, Conn., March 28, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the first release of its new SS&C Blue Prism Next Generation intelligent automation platform. The platform is designed to deliver continuous new agile capabilities.

In this first, hybrid-based release, Next Gen delivers all the benefits of cloud while satisfying the necessary industry security and compliance requirements for organizations, including those in highly regulated industries.

"The combination of cloud management and hybrid execution of automation is a value win for any enterprise wanting to leverage best-in-class capabilities to enable efficient worker management, process scheduling, and automation health monitoring," said Maureen Fleming, AI and Automation Research VP at IDC. "Cloud automation is a critical performance driver for the future, as more organizations turn to GenAI to respond more rapidly to changing conditions or make better use of centralized data between highly distributed applications."

Next Gen unlocks the full potential of IA by offering organizations greater scale, agility, and access to the latest capabilities through burden-free infrastructure maintenance via the cloud. The platform's cybersecurity and compliance features are also designed to give access to organizations with sensitive data or restricted systems access.

This first release features:

• Process design: Next Gen's Design Studio allows users to create, edit and test processes locally with an easy-to-use drag-and-drop user interface; one that is familiar to existing Blue Prism developers, helping ensure a more seamless, effortless adoption of the Next Generation platform.
• Centralized storage: Customers can benefit from Next Gen's Process Repository, which saves processes and objects using cloud-based storage. Users can use version control to track changes with minimal effort and deploy automations using a stage-gated submission and review process with a traceable audit trail to ensure a compliant release process.
• Secure execution: Self-hosted digital workers can be deployed on an organization's network, so no sensitive data leaves its site.
• Cloud-based operations: Next Gen's Control Center provides a single pane of glass across the entire operation, thereby simplifying worker management across all environments. The organization can start, stop, and schedule processes while monitoring the health of automations and digital workers.

"Although 87% of organizations have accelerated their investments in cloud-hosted automation services in the past year, many organizations still face a number of barriers," said Colin Redbond, SVP Product Management, SS&C Blue Prism. "Next Gen's hybrid deployment model addresses this issue head-on, equipping customers with the latest IA capabilities needed to create value for customers and employees. SS&C Blue Prism Next Gen enables organizations to reduce infrastructure overheads, quickly adapt to changing priorities, scale more effectively, and upgrade digital workers on demand while satisfying the necessary industry security and compliance requirements."

More than 2,800 customers worldwide run their operations on SS&C Blue Prism, digitizing operations across financial services, insurance, health and pharma, banking, and more.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

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SOURCE SS&C

FAQ

What is the new intelligent automation platform introduced by SS&C Technologies Holdings, Inc.?

SS&C Technologies Holdings, Inc. introduced the SS&C Blue Prism Next Generation intelligent automation platform.

What benefits does the Next Gen platform offer to organizations?

Next Gen offers enhanced agility, scalability, and access to cutting-edge capabilities, streamlining worker management, process scheduling, and automation monitoring.

How does Next Gen ensure security and compliance for organizations?

Next Gen features cybersecurity and compliance measures to provide secure access for organizations with sensitive data or restricted systems access.

What are the key features of the first release of Next Gen?

The first release includes process design, centralized storage, secure execution, and cloud-based operations features.

Which industries benefit from SS&C Blue Prism operations?

More than 2,800 customers worldwide in financial services, insurance, health and pharma, banking, and other sectors benefit from SS&C Blue Prism operations.