(Vocus) December 22, 2009
SunGard has released a new version of its VPM portfolio accounting solution for hedge funds. SunGard’s VPM version 9.0 provides hedge funds with an enterprise-level portfolio accounting application that is built on a service-oriented architecture for plug-and-play integration with a firm’s existing applications and scalability to address future business needs. It also provides a new user interface focused on increasing operational efficiency, simplifying workflows and providing intuitive access.
Denise Valentine, senior analyst at Aite Group, commented: “Regulators and institutional clients are fixated on transparency and improved reporting from their asset managers. Recent scandals mean clients have higher standards on reporting - including requiring a rapid response to ad-hoc requests for information. As firms receive reports from across their money managers, the performance bar is raised. Clients will expect all their managers to report on a par with their best reporting manager – a real challenge for some firms.”
VPM version 9.0 includes workflows optimized for efficiency and transparency and an enhanced reporting engine. Data entry has been streamlined and improved to help users view data according to their preferences, which helps escalate data monitoring capabilities and improve efficiency. VPM’s reporting engine provides click-through reporting and a dashboard that displays pertinent data in a graphical fashion, presenting timely access to mission-critical data through a centralized reporting portal. It can help to provide firms with a clear picture of their operations and put actionable information at a user’s fingertips. Finally, VPM’s service-oriented architecture and technology helps the solution to fit within each firm’s unique architecture and service requirements.
Scott Alintoff, chief operating officer of SunGard’s VPM business unit, said, “We continually work with our customers to identify solutions to address challenges facing hedge funds, including lack of transparency and an increased need for open technology and static reporting. Utilizing an open architecture design, click-through reporting and a completely new front-end design, VPM version 9.0 helps increase operational efficiency and provide transparency required by the most sophisticated institutional investors.”
About Aite Group
Aite Group is a leading independent research and advisory firm focused on business, technology and regulatory issues and their impact on the financial services industry. It was founded by leading industry experts in Banking and Securities & Investments. Aite Group brings together a team of business strategy, technology and regulatory experts to deliver comprehensive, timely, and actionable advice to financial institutions and technology vendors. To learn more, visit: http://www.aitegroup.com.
About SunGard’s VPM
SunGard’s VPM is a comprehensive, multi-currency back-office solution and transaction repository designed specifically for hedge funds. VPM supports virtually any asset type including equities, fixed income, futures, bank debt (including multi-currency revolvers), repo and swaps. In addition to managing virtually any asset type, VPM provides easy-to-use navigation and the ability to integrate with a variety of systems, as well as external data and information vendors.For more information on VPM and SunGard’s portfolio of alternative investment solutions, visit http://www.sungard.com/vpm/learnmore.
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at http://www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Trademark Information: SunGard, the SunGard logo and VPM are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries or affiliates in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.