News Brief: Sparinvest Selects SunGard’s XSPrisa for Corporate Actions Automation
Tuesday, September 23, 2014
Sparinvest, a Denmark-based international asset manager, has selected SunGard’s XSPrisa to automate its global corporate actions processing. The solution will help Sparinvest eliminate the traditional manual processing and risk associated with corporate actions.
SunGard’s XSPrisa allows firms to access corporate actions processing functionality in a Software-as-a-Service (SaaS) environment for rapid deployment without the burden of infrastructure costs and operations. The implementation of XSPrisa will help Sparinvest mitigate operational risk, as well as increase client service levels and scalability to efficiently process the growing volume and complexity of events.
“Celent has witnessed a secular trend of increasing comfort with cloud-based deployment. For many firms, moving towards a SaaS environment with lower entry costs helps with adoption of corporate actions tools. A SaaS environment enables upgrades to occur ‘behind the scenes,’ making it more likely that firms will be running more up to date software.”– David Easthope, senior vice president, Celent
“We have seen that corporate actions automation continues to be a key priority for financial institutions of all types and sizes. Firms such as Sparinvest look to SunGard to help them achieve more in their efforts to manage a growing business while reducing the risks and costs associated with global corporate actions processing.” – Brendan P. Farrell, Jr., executive vice president and general manager, XSP, SunGard
About SunGard Financial Systems
SunGard Financial Systems provides mission-critical software and IT services to institutions in virtually every segment of the financial services industry. The primary purpose of these systems is to automate the many detailed processes associated with trading, managing investment portfolios and accounting for investment assets. These solutions address the processing requirements of a broad range of users within financial services, including asset managers, traders, custodians, compliance officers, treasurers, insurers, risk managers, hedge fund managers, plan administrators and clearing agents. In addition, we also provide professional services that focus on application implementation and integration of these solutions and on custom software development.
© SunGard 2014. All rights reserved. SunGard, the SunGard logo, XSP, and XSPrisa are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.