SunGard today announced that Ultimus Fund Solutions, a premier service provider for small to medium sized mutual funds, has upgraded to the ASP Version 6.0 of InvestOne Enterprise, SunGard’s investment accounting solution for institutional and alternative asset managers and third-party administrators.
Ultimus Fund Solutions, an InvestOne Enterprise customer since 1999, is the first firm to take full advantage of the recent enhancements to the accounting and reporting solution. Released in June 2006, Version 6.0 represents the first release of InvestOne Enterprise's next-generation technology and the continued evolution of the platform into a configurable, enterprise solution, based on an extensible and scalable service-oriented architecture (SOA).
"The recent enhancements to InvestOne Enterprise have exceeded our expectations and can help us continue to provide the greatest level of service to our clients," said Theresa Bridge, vice president, mutual fund controller at Ultimus Fund Solutions. "Our business philosophy is to offer our clients a high level of individual service, based on strong relationships, without sacrificing quality for scale. With InvestOne Enterprise, we have a full range of functionality. As an ASP platform, InvestOne affords us the flexibility and scalability that helps us to tailor our services according to our clients' needs."
"InvestOne Enterprise represents some of the most comprehensive and up-to-date technology available for fund accounting," said Doug Morgan, president of SunGard's investment systems business unit. "In fact, the system was recently named the Most Innovative Fund Administration and Accounting Solution by Financial-i magazine. Ultimus Fund Solutions is a valued, long-standing customer and the company's adoption of our new technology demonstrates its continued recognition that InvestOne Enterprise has the depth and breadth to help investment managers and fund administrators improve efficiency, manage costs, and minimize risk."