Kansas City, MO (PRWEB) April 11, 2011
Lexington, Kentucky-based Dupree Mutual Funds has selected SunGard’s Asset Arena Transfer Agency, a high-volume shareholder recordkeeping solution that processes transactions as they happen with 24/7 system availability. Asset Arena Transfer Agency helps firms process shareholder records in a specialized and automated fashion, through flexible system processing rules tailored to the requirements of the fund management companies supported.
In selecting SunGard, Dupree will shift from operating installed transfer agency technology to utilizing Asset Arena Transfer Agency via SunGard’s application service provider (ASP) offering. The secure Web-based solution helps streamline implementation, giving Dupree the ability to quickly take advantage of Asset Arena’s features, while also helping reduce the time and cost of conversion. Asset Arena Transfer Agency helps improve Dupree’s client service by providing back-offices with portal-accessible enterprise reporting and data repository services and by giving investors online access to real-time account data.
Dupree will also use Asset Arena’s expanded, automated data transfers with banks and industry trading partners, which will help the company increase accuracy and control costs, both critical objectives in a high-volume transfer agency environment.
Gene Gard, portfolio manager at Dupree Mutual Funds, said, “Using SunGard’s Asset Arena to provide Web access to investor accounts, we are now able to offer greater visibility into the real-time information our clients are increasingly demanding. In addition, Asset Arena provides us with the scalability and efficiency gains needed to help support our growing shareholder base and helps us to control costs for our shareholders in today’s competitive environment.”
Mark Judah, senior vice president of SunGard’s Asset Arena Transfer Agency, said, “As Dupree Mutual Funds continues to grow, SunGard can help the company better serve their customers through our various Asset Arena offerings. We are proud to play a pivotal role in assisting Dupree by creating its online client experience and streamlining its transfer agency processes, and we look forward to helping the company position itself for scalable growth.”
About Dupree Mutual Funds
Dupree Mutual Funds began in 1979 with the Kentucky Tax Free Income Series and today consists of eight no-load single-state municipal bond mutual funds in Kentucky, Tennessee, North Carolina, Alabama and Mississippi. Dupree also offers an Intermediate Government Bond Series and a Taxable Municipal Bond Series. The company is based in Lexington, Kentucky. More information, including a prospectus which should be read carefully before investing is available at http://www.dupree-funds.com.
About SunGard’s Asset Arena
SunGard’s Asset Arena is a global suite of products and services for asset managers, institutional investors, and traditional and alternative fund administrators. Asset Arena supports the core functions of the asset management industry including investment management, investment operations and investor servicing. By leveraging technologies such as business process management and software-as-a-service, Asset Arena helps investment firms manage complexity, increase efficiency, and reduce costs and operational risk, while maintaining agility to respond to changing business and regulatory requirements. For more information, visit http://www.sungard.com/assetarena.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 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 of about $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, visit http://www.sungard.com.
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