Unified Fund Services selects SunGard Asset Arena Investment Accounting

Source: SunGard

Unified Fund Services (UFS) has selected SunGard's Asset Arena Investment Accounting, a global investment accounting and reporting solution.

A wholly-owned subsidiary of Huntington Bancshares, Inc., Indianapolis-based UFS is a comprehensive provider of fund accounting, transfer agency, administration, distribution and other services for mutual funds.

Utilizing rules-based exception management processing, Asset Arena is a flexible solution that helps manage an organization's unique workflow requirements and automate critical accounting functions, such as portfolio valuation and daily accruals of income, expenses, fees and cash movements. Asset Arena helps asset managers and servicers to identify and resolve operational risks, improve process efficiency and provide transparent reporting. UFS will use Asset Arena on an application service provider (ASP) basis, which will help the firm manage high volumes of transactions within a resilient and reliable infrastructure.

Brian Blomquist, president of Unified Fund Services, said, "We needed a functionally-rich, scalable solution that could support our growing business. Asset Arena's functions, such as exception management and dashboard reporting, will help us improve the efficiency, control and risk mitigation within our operations. The resulting increased automation will help provide us with flexibility to focus on expanding the value-added solutions and services we offer our clients."

Doug Morgan, president of SunGard's institutional asset management business, said, "We are pleased that SunGard's Asset Arena is the solution of choice for forward-thinking service providers like Unified Fund Services. Our global platform helps asset managers and servicers evolve their fund accounting processes and adopt more sophisticated approaches to meeting today's complex demands."

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