Raiffeisen Capital Management, one of Austria's leading asset managers, has collaborated with SunGard to develop the latest release of SunGard's Asset Arena Investment Management. Version 7 extends functionality to include more advanced tools for portfolio analysis and modeling.
Raiffeisen Capital Management has gone live on the latest version to help enhance its front-office analysis, data integration, risk management and compliance productivity.
SunGard's Asset Arena Investment Management helps asset managers optimize operational efficiencies and manage risk by automating the processing of investment decisions, monitoring compliance activities and streamlining trading workflow. The latest release also enhances middle-office capabilities and provides portfolio managers with more tools for accurate position keeping and cash management. Raiffeisen Capital Management acted as an advisor on the development of the solution, and participated in system testing. By collaborating with Raiffeisen, SunGard has been able to deliver enhancements that are specifically tailored to the needs of its customers, including user interfaces, real-time capabilities and asset allocation and rebalancing functionalities.
Harald Frodl, head of middle office at Raiffeisen Capital Management, commented, "With Asset Arena, we are now able to provide portfolio analysis and front-office simulation to more than 80% of our users, helping us to migrate away from proprietary-built spreadsheets and other outdated tools. This helps us to ensure better data integration and to reduce the risks of operational errors. Additionally, we are able to achieve approximately a 35% increase in productivity across all compliance activities, resulting in a real and measurable return on investment."
Doug Morgan, president of SunGard's institutional asset management business, said, "Collaboration is a critical factor in SunGard's ability to deliver solutions aligned with the needs of our customers. A customer and partner for more than 10 years, Raiffeisen Capital Management is one of a number of customers that have been instrumental in advancing Asset Arena as we continue to evolve our solutions' functionality and technology, and support the industry's growing needs."