Schroders choose ACE’s PELICAN as cost effective solution for payment processing

- Increased trading volumes demand automated system

London and New York – 2nd April, 2008, ACE Software Solutions (www.acesw.com), provider of intelligent payment, AML and STP solutions for the financial sector, announced today the successful implementation of their payment processing platform PELICAN(tm) at Schroder’s London office.

Schroders have 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 previously required a higher than acceptable degree of manual intervention.

With ACE’s PELICAN in place, Schroders enjoy a high degree of automation of their payment processing, the inbuilt intelligence of the ACE system is able to minimise exceptions and enable a more stream-lined process. This in turn enables resources to be more usefully deployed and greater volumes to be processed.

Commented Matthew Oakeley, Group Head of IT at Schroders, “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.”

Added,Parth Desai, CEO, ACE Software Solutions, “We are very pleased that Schroders have selected PELICAN for their payment processing needs. The system is well proven as an efficient way of automating otherwise laborious tasks and enabling skilled resources to be deployed on payments operations that are more valuable to servicing client needs. The exception management process will automatically repair the message and alert users if attention is required to complete a payment thereby minimising the risk of error and delay in payment. In real terms, the system is flexible and scalable and will support further growth in their business needs which was an important consideration in their selection criteria.”

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About ACE Software Solutions
ACE Software Solutions is a provider of intelligent payment, AML and STP solutions for the financial sector. The company’s flagship PELICAN(tm) solution offers fully integrated real-time payments, liquidity and cash management, Anti-Money Laundering and OFAC compliance, whilst, PELICAN for SEPA solves functional and technical SEPA compliance issues. ACE is recognised for bringing to the market both depth and breadth of payment and STP expertise. A worldwide financial client base includes BNP Paribas, CommerzBank, Credit Agricole, Credit Suisse, State Bank of India, Standard Chartered, Toronto Dominion and UBOC. ACE Software Solutions is headquartered in New Jersey with regional offices in London, Brussels, Oslo and Mumbai. For further information, please visit www.acesw.com.

About Schroders plc

Schroders is a global asset management company with £137.7 billion (EUR 197.2 billion / $280.5 billion) under management as at 30 September 2007.Our clients are major financial institutions including pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors. We apply our specialist asset management skills in serving the needs of our clients worldwide. With one of the largest networks of offices of any dedicated asset management company and over 250 portfolio managers and analysts covering all the major investment markets, we offer our clients a comprehensive range of products and services. Further information about Schroders can be found at www.schroders.com. Issued by Schroder Investment Management Ltd, which is authorised and regulated by the Financial Services Authority.

Press contact: Jenny Swift, Rivercalm: North America Tel: 001 917 210 8064 or Europe
Tel: 0044 207 665 1636 Email: swift {at} rivercalm(.)com