Atlantic Fund Administration LLC (Atlantic), a U.S.-based full-service third-party administrator, has implemented SunGard's Asset Arena Transfer Agency solution (formerly Investar*ONE) to support its transfer agency record-keeping business.
SunGard provides the solution to Atlantic on an ASP basis. Atlantic selected SunGard's Asset Arena Transfer Agency because of its real-time, high-volume processing capabilities and browser-based technology.
Atlantic required a solution that would integrate with its existing infrastructure. The Asset Arena solution was easy to connect to Atlantic's other applications, which already included SunGard's Asset Arena Investment Accounting. The ease of integration has helped Atlantic to improve the efficiency of its client services.
Chris Koons, senior vice president of Atlantic Fund Administration, commented: "When we compared shareholder recordkeeping solutions, SunGard's Asset Arena Transfer Agency solution emerged as an ideal fit for Atlantic. It supports our business goals by providing a scalable, cost-effective ASP platform capable of supporting specialized processing activities. In addition, SunGard's broad range of integrated products and services has helped us to streamline our operations, helping us to focus on our clients and their customized servicing requirements."
Ken Kempf, president of SunGard's Asset Arena Transfer Agency business unit, said: "SunGard's investments in new technology and application integration have helped to provide a number of key benefits to Atlantic. Working closely with Atlantic, we have assisted in the delivery of a processing environment that will help provide data access, integration with mission critical systems and global support. We are pleased to have further expanded our relationship with Atlantic."