Envision Financial Systems, a provider in investor recordkeeping technology and services, has onboarded UMB Fund Services' transfer agency offerings onto Envision's software platform.
The conversion was successfully completed earlier this month, where UMB was able to retire several legacy systems in favour of this new, streamlined operating model.
Envision's platform is also said to eliminate the need for manual work relating to on-system capital-call processing and reporting, which will further aid UMB's technological growth strategy, the companies say.
Uma Wilson, executive vice president and chief information and product officer at UMB, states: “We’re excited to replace a system that had been in place for more than 20 years. This conversion will benefit both our customers and our associates.”
Executive vice president of Envision, Tom Wiedecker, adds: “All of us at Envision are honoured to be part of bringing modernization and increased ease and automation to UMB.”
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