SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Q4 2022 Earnings Call Transcript

Bill Stone: Well, I think, Pete, that’s right on, right? I mean it’s — I think there’s people that need to get efficiency. As Rahul said earlier, there’s an awful lot of opportunities in middle office and I think there’s a lot of pressure on our customers to get more efficient. And I think they are finding that maintaining software systems and large staffs of operations and accounting people is not necessarily their core competencies and that’s really our opportunity. And we think we are taking advantage of it and we believe we have the best sales force and that they are executing at a pretty high level.

Peter Heckmann: All right. Thank you.

Operator: Your next question comes from the line of Andrew Schmidt with Citi.

Andrew Schmidt: Hey, guys. Good evening. Thanks for taking my questions. It kind of just drill down on organic growth. This has been asked a few different ways. But if you could just talk about your visibility in terms of the acceleration in growth as your progresses, part of it is obviously Blue Prism coming to the mix and then some of it is go-lives, which you have a pretty good sense, perhaps even a better sense now that implementation resources are a little bit more stable. But maybe talk through if there’s any other drivers we should think about in terms of your confidence for achieving the organic growth outlook for this year? And then anything about just embedded macro assumptions goes back to other questions that have been asked, but any other color there would be helpful? Thank you.

Bill Stone: Yeah. We have been implementing price increases over the last couple of years and that’s beginning to bring fruition to us and we would hope that those price increases start to approach 2% overall for the whole business and so that gives us some confidence and some lift. And we continue to bring out new systems and new services and successful new products like Aloha and Singularity and GoCentral are all positive things that drive the business forward and packages of products of ours that we sell like our trust system, combined with our wealth management product Diamond has been pretty effective and we think it will continue to be.

Andrew Schmidt: Got it. That’s helpful. And then, last year, obviously, the labor pressure, there were some pressure on implementation time lines and things like that. Has that now stabilized in terms of client implementation time frames and where you are seeing the retention with the implementation workforce, anything to call out there? Thanks a lot.

Bill Stone: Well, we all work here. So we are focusing on it and we have talented people that have hired more talented people and that group of people is focused on it and we are executing in an increasingly higher level. But these are big complex implementations and you have — still have some work from home issues and other things that cause collaboration to be a little bit more difficult and stretch out some time lines. But I would say that we are optimistic that we are getting increasingly better, and then hopefully, those results will start showing up in our quarterly financials.

Andrew Schmidt: Perfect. Thank you very much, Bill.

Operator: Your next question comes from the line of Kevin McVeigh with Credit Suisse.

Kevin McVeigh: Great. Thanks so much. Hey. So again nice acceleration on the organic growth in 2023. Beyond Blue Prism, is there any way to disaggregate kind of the components that get to the 2% to 6% in terms of some of that Blue Prism, some of that’s pricing, some of its retention, is there any way to maybe just ring fence those numbers a little bit?