SunGard offers more accounting automation to custodians
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SunGard offers more accounting automation to custodians 31 July 2013New York Reporter: Georgina Lavers
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SunGard has released an enhanced version of its Asset Arena InvestOne global accounting solution for asset managers, custodian banks and third party administrators.
The latest version aims to give firms extended accounting automation and servicing capabilities to improve operational controls and productivity and ultimately ease the burden of meeting growing regulatory requirements.
The new version is enriched with the addition of two new features. Asset Arena InvestOne’s Multiview accounting functionality is improved with new Multiple Books of Record (MBOR) capabilities.
“By extending the ways in which users can leverage existing datasets, MBOR provides the flexibility to support more jurisdictions and offer a wider array of services, without the overhead of maintaining additional systems and redundant data,” said the firm’s release.
“Investors and regulators are seeking greater transparency from fund sponsors and their administrators by having evidence of robust processes and strict controls,” said Gail Schulman, chief operating officer of Asset Arena InvestOne at SunGard.
“Monitoring and automating activity in fund accounting is key to managing risk and ensuring all processes are transparent, timely and accurate. Asset Arena InvestOne’s improved capabilities empower our customers to achieve smarter operations with increased efficiency, automation, and control.”
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