SS&C TECHNOLOGIES INC
SC 13G/A, 1999-02-08
PREPACKAGED SOFTWARE
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<PAGE>
 
                      SECURITIES AND EXCHANGE COMMISSION

                            WASHINGTON, D.C. 20549

                             --------------------

                                 SCHEDULE 13G
                                (Rule 13d-102)

                   UNDER THE SECURITIES EXCHANGE ACT OF 1934

                               (Amendment No. 2)

                            SS&C Technologies, Inc.
                            -----------------------
                               (Name of Issuer)

                    Common Stock, $.01 par value per share
                    --------------------------------------
                        (Title of Class of Securities)

                                  85227Q 10 0
                                ----------------
                                (CUSIP Number)

                               December 31, 1998
- --------------------------------------------------------------------------------
            Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule 
is filed:


              [_]       Rule 13d-1(b)


              [_]       Rule 13d-1(c)


              [X]       Rule 13d-1(d) 


* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the 
disclosures provided on a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 (the "Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see the
Notes).




<PAGE>
 
                        AMENDMENT NO. 2 TO SCHEDULE 13G
=============================================================================== 
 

  CUSIP NO. 85227Q 10 0                                             PAGE 2 OF 6
            -----------
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    
      William C. Stone

      I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON (ENTITIES ONLY)

      Not Applicable

- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 2                                                              (a) [_]
                                                                (b) [_]
      Not Applicable
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4                                 
      United States of America

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5                                                       
     NUMBER OF            4,664,680 shares
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6       
                          0 shares
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7       
    REPORTING             4,664,680 shares
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8       
                          0 shares
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
 9                           
      4,664,680
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10    
      Not Applicable
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11           
      31.6%                                                                   

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON
12           
      IN

- ------------------------------------------------------------------------------
<PAGE>
 
CUSIP No.      85227Q 10 0                                        Page 3 of 6
               -----------                                                   

                        AMENDMENT NO. 2 TO SCHEDULE 13G


Item 1(a).  Name of Issuer:
            ---------------

     SS&C Technologies, Inc.


Item 1(b).  Address of Issuer's Principal Executive Offices:
            ------------------------------------------------

     80 Lamberton Road
     Windsor, CT  06095


Item 2(a).  Name of Person Filing:
            ----------------------

     William C. Stone


Item 2(b).  Address of Principal Business Office or, if None, Residence:
            ------------------------------------------------------------

     SS&C Technologies, Inc.
     80 Lamberton Road
     Windsor, CT  06095


Item 2(c).  Citizenship:
            ------------

     United States of America


Item 2(d).  Title of Class of Securities:
            -----------------------------

     Common Stock, $.01 par value per share
<PAGE>
 
CUSIP No. 85227Q 10 0                                        Page 4 of 6
          -----------                                                   


Item 2(e).  CUSIP Number:
            -------------

     85227Q 10 0


Item 3.

     Not Applicable


Item 4.  Ownership:
         ----------

         (a)  Amount Beneficially Owned:

              4,664,680 shares

         (b)  Percent of Class:

              31.6%

     (c)  Number of shares as to which such person has:

              (i)  sole power to vote or to direct the vote:
 
                   4,664,680 shares

              (ii) shared power to vote or to direct the vote:

                   0 shares

          (iii)    sole power to dispose or to direct the disposition of:

                   4,664,680 shares

          (iv)  shared power to dispose or to direct the disposition of:

                   0 shares

                        
Item 5.  Ownership of Five Percent or Less of a Class:
         ---------------------------------------------

         Not Applicable
<PAGE>
 
CUSIP No. 85227Q 10 0                                        Page 5 of 6
          -----------                                                   


Item 6.  Ownership of More Than Five Percent on Behalf of Another Person:
         ----------------------------------------------------------------

         Not Applicable


Item 7.  Identification and Classification of the Subsidiary Which Acquired the
         Security Being Reported on by the Parent Holding Company:
         ---------------------------------------------------------------------

         Not Applicable


Item 8.  Identification and Classification of Members of the Group:
         ----------------------------------------------------------

         Not Applicable


Item 9.  Notice of Dissolution of Group:
         -------------------------------

         Not Applicable


Item 10. Certification:
         --------------

         Not Applicable
<PAGE>
 
CUSIP No. 85227Q 10 0                                        Page 6 of 6
          -----------                                                   



                                   SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.



                                      /s/ William C. Stone
                                     ------------------------------------
Date: February 8, 1999                   William C. Stone

 


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