SunGard Releases Enhancements to Asset Arena Investment Accounting
March 7, 2012 — Lombard, IL
SunGard has released a new version of its Asset Arena Investment Accounting solution, which helps provide greater control of daily valuation calculations for fund accountants and includes enhancements to security pricing services, Retail fund accounting (40 Act Mutual Funds, Unit Trusts, OEICs, UCITS) and tax reporting. Asset Arena provides software solutions for investment operations processing and support for a wide range of assets, countries and investment activities within the asset servicing market.
Available both as a cloud*-based solution or on an installed basis, the new version of Asset Arena Investment Accounting includes the integration of Asset Arena Pricing Services, a managed service for daily price validation across multiple accounting systems. Asset Arena Pricing Services also supports the collection of counterparty data and enhanced corporate action validation. Also new to this version, are enhanced tax reporting features in Asset Arena Investment Accounting which help fund administrators and investment advisors create portfolio reports for multiple tax jurisdictions from one common set of transactions. Asset Arena Investment Accounting is in the process of implementing the functionality which contains over 30 major new features, most of which were driven from strategic relationships with the global customer base and industry trends.
Doug Morgan, president of SunGard’s institutional asset management business unit, said, “Asset managers choose SunGard for its high level of service and the incremental return on investment it helps them gain through a single vendor relationship for their investment accounting needs. The new Asset Arena release will help increase efficiencies around the valuation production and tax reporting processes, and help our customers grow their businesses with increased efficiency, control, and regulatory readiness.”
* SunGard Financial Systems is transforming the way its software solutions are created and delivered to its customers. With the introduction of a new visionary, integrated technology blueprint, new delivery models are created and additional functionality embedded. Underlying technologies include a service-oriented architecture (SOA) development framework, a business process management platform (Infinity Process Platform) and a delivery platform to enable Software-as-a-Service (SaaS) based solutions.
About SunGard’s Asset Arena
Asset Arena is SunGard’s global suite of products and services for asset managers, institutional investors, and traditional and alternative fund administrators. Asset Arena supports the entire investment process, from portfolio management, risk management and compliance to investment accounting, transfer agency and client reporting. Combining deep functionality with broad business process management capabilities, Asset Arena helps investment firms manage complexity, increase efficiency, and respond quickly to changing business and regulatory requirements. For more information, visit www.sungard.com/assetarena.
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 20,000 employees and serves over 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, please visit www.sungard.com.