SunGard releases InvestOne Enterprise Version 6.0; launches new wealth management system

Source: SunGard

SunGard today announced the release of Version 6.0 of InvestOne Enterprise, one of the industry’s leading investment accounting solutions for institutional and alternative asset managers and third party administrators. Version 6.0 marks the first general release of InvestOne Enterprise’s next-generation technology platform and a continuation of its evolution into a configurable, enterprise solution based on an extensible and scalable service-oriented architecture (SOA).

Built on an n-tier architecture, InvestOne Enterprise adds Java’s ease-of-use to its multi-currency investment accounting capabilities, which already support more than 50 customers worldwide. InvestOne Enterprise now processes more than $10 trillion in assets across 42,000 funds and supports virtually any type of portfolio, including mutual funds, hedge funds, funds of funds, U.K. unit trusts, OEIC’s, and institutional funds.

InvestOne Enterprise 6.0 offers the following functional and technical enhancements:
  • An 'out of the box' SunGard solution that provides the flexibility to create a completely customized browser-based desktop experience and role-based workflows
  • A platform-independent, scalable architecture that is available on an ASP or installed basis and offers message-based integration with third-party systems and data sources for straight-through processing (STP)
  • A meta data-driven architecture, which powers advanced ‘search’ and ‘help’ functions and allows customers to tailor the user interface without modifying source code
  • Extensive Web-based administration features for easy system configuration and maintenance

"With the significant investment we continue to make in InvestOne Enterprise, SunGard can offer an innovative accounting solution that is streamlined, efficient, and easily configured around the way each customer operates their business," said Doug Morgan, president of SunGard’s investment systems business. "Both longstanding and new customers alike will appreciate the increased operational efficiencies that InvestOne Enterprise can help bring to their accounting functions through intuitive workflow-based navigation, simplified integration with internal and external systems, and enhanced data access and dissemination."

SunGard delivered the first release of InvestOne Enterprise’s next generation technology to ASP customers with Version 5.0 in June 2005. Version 6.0 makes the product’s new technology and dynamic desktop functionality generally available to all customers.

SunGard also announced today that it will launch a new high-volume, integrated front-to-back office wealth management solution for large international private banks and wealth managers throughout Europe. The new solution, called WealthPlus, will combine Business Architects International’s (BAI) eXimius front- and middle-office workstation with SunGard’s Global Plus back-office accounting and custody solution, and will be delivered on an application service provider (ASP) basis.

Franky Van Damme, chief executive officer of Business Architects, said, "The decision to combine the know how and the skills of two leaders has resulted in a solution that will help firms to meet the more sophisticated demands of wealthy clients while managing the effects of industry change and regulatory compliance. WealthPlus reflects the way investors manage wealth today with the flexibility and adaptability to support a firm’s changing business processes in the future."

Maryanne Campbell, president of SunGard’s wealth management accounting business, said: "WealthPlus helps to deliver on the promise of a truly global wealth management platform designed to meet the needs of large financial companies. Its scalability and extensibility support high transaction volumes and complex operating models, helping enable consolidation across various geographies and product lines. The flexibility and adaptability of the workstation technology promote effective use of client data, giving wealth managers a more comprehensive view of their clients and relationships. The component-based, best of breed nature of WealthPlus extends well beyond the borders of the front and back office to help provide organisations with a truly holistic approach to wealth management."

Using industry-standard technologies and SunGard’s Common Services Architecture (CSA), WealthPlus will provide a platform for the consolidation of businesses and operations to help deliver process efficiencies and help reduce operating costs. Firms will be able to leverage centers of excellence within their organizations to better serve their clients across geographies and lines of business.

WealthPlus will be delivered as an integrated front- to back-office solution that will help avoid the need for lengthy technology integration projects, and help result in a lower total cost of ownership, reduced project risk, and reduced time to market. By delivering the solution in the ASP model, firms can better focus on services that deliver direct value to their clients, such as managing relationships and maximizing investment returns.

SunGard provides an integrated suite of services to help advisors meet the financial needs of their clients, and capitalize on growing opportunities in wealth management. SunGard helps organizations to deliver on the promise of a more holistic and consultative client experience by providing an array of capabilities for client profiling and financial planning, asset allocation and portfolio management, securities processing and asset accounting, and consolidated client reporting and performance measurement.

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