Antiquated mineral management systems are costing institutions millions in lost revenue, audit penalties, and client attrition. As one trust officer told us: "I lose sleep over these numbers." It’s a frustration we frequently hear from prospective clients.
Institutions that are married to systems they have outgrown are falling behind. SS&C MineralWare exists to simplify mineral management by aggregating the necessary tools and providing the flexibility needed to address today's challenges and tomorrow’s unexpected demands.
Keeping Pace with Change
Wealth management groups, banks, and endowments managing mineral interests face a difficult pace of change: legacy systems are obsolete only years after a painful implementation. As client expectations grow and regulations increase, institutions relying on manual workflows may risk incurring costly errors, missing opportunities, and reputational damage. It is like trying to run a modern trust company on a fax machine. It technically works, but it’s holding you back.
We see the downstream impact of outdated systems every day, including:
- Reporting limitations
- Unreliable revenue tracking
- Audit challenges
- Rising staff frustration
Teams struggle to retain operational knowledge, clients grow weary of the lack of transparency, and property managers watch opportunities disappear in the rearview mirror, all while enduring the dread of preparing for audits with fragmented, error-prone data.
The consequences of outdated systems ripple across every level of a business. Like the proverbial frog in boiling water, each incremental technological change may not seem like much. But, as the pace of technological innovation quickens, the temperature is increasingly rising.
To move forward, institutions must keep up with three accelerating and interconnected forces: internal growth, shifting client expectations, and rapid technological advancements. If the technology you use can’t keep up, your options shrink. You must either forcefully retrofit your workflows to fit old tools or endure another painful technology conversion. Even still, if your next solution is rigid, you’ll still be at the mercy of disruptive forces in a few more years.
Savvy businesses select solutions that match the market's pace. They recognize that change is constant and proactively choose tools designed for flexibility and growth.
The SS&C MineralWare Difference
MineralWare was purpose-built for managing minerals with all the necessary tools and data centrally located. We designed the interface to be simple and easy to use for our ‘by chance’ mineral & royalty clients, while also providing the breadth of tools and customizations that sophisticated trust companies and wealth management firms require.
Over the last decade, we’ve added modules for revenue automation, JIB tracking, trusts, acquisitions, support, and highly configurable reporting. In the last three years alone, we’ve launched complete overhauls of our revenue and land management modules. Advisors appreciate our focus on adding more functionality and customization for our large institutional clients without compromising the ease of use for smaller family offices and individuals.
However, the real value is in prevention. As you grow and your needs evolve, MineralWare continues to keep pace. It supports thousands of mineral assets and connects with tools institutions already use, enabling fast, scalable deployment. As part of the SS&C ecosystem, MineralWare integrates with SS&C Black Diamond® Wealth Solutions to deliver powerful reporting, intuitive dashboards, and specialized tools, enabling wealth management firms and trust companies to bring reporting for mineral and royalty income into the same wealth management dashboard as other assets.
Choose Progress Over Disruption
MineralWare serves as a comprehensive mineral management system built to support the operational and reporting needs of institutional teams managing complex mineral portfolios. Its modular design and scalable infrastructure make it easy to align the platform with your internal workflows and long-term objectives.
The result? Scalable precision, institutional oversight, and a complete wealth picture, no matter how complex your portfolio is.
The firms moving ahead are the ones investing in future-ready infrastructure today. MineralWare offers a trusted and scalable platform that simplifies mineral operations and supports long-term growth in an unpredictable future.
To learn how SS&C MineralWare can strengthen your mineral management strategy, call 817-735-8195 or visit mineralware.com to request a demo.
