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 (pictured), 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.”