Capital Fulfillment Group has debuted ClickOne, a summary prospectus tool in compliance with Securities and Exchange Commission rules. Using patented technologies, it is designed to offer a simple and cost-effective way for mutual fund companies to equip investors with summary prospectuses via print-on-demand. CFG estimates this will reduce asset management firms' printing costs by 80%.
“We continually strive to leverage technology to enhance our clients’ business,” said Ric McConkey, president and chief executive officer of CFG. “By introducing ClickOne, we will help our clients and their mutual fund shareholders save hundreds of thousands of dollars previously spent on printing 100+-page prospectuses that no one reads. In addition, ClickOne provides a superior way for shareholders to quickly and easily retrieve, discover and manage information across millions of documents.”
Thomas Matson, CFG managing director, added, “The fact that a prospectus is now a two-page, four-panel document means that the print and delivery process will accelerate dramatically to digital print-on-demand, which will allow for at least an 80% print savings for firms and, more importantly, mutual fund shareholders.”
Based on software developed by ebrary, ClickOne is powered by the same technology currently used by more than 2,300 libraries, corporations and other institutions around the world serving more than 17 million end users.