Birmingham, AL (Vocus) May 6, 2009
Sunsuper, one of Australia’s leading superannuation funds, is expanding its use of SunGard’s Omni for recordkeeping and administration to help create greater efficiencies, reduce costs associated with internal development and speed time-to-market for new services to its members. With more than one million members and around $12 billion funds under management, Sunsuper will also enhance its workflow and reporting analytics through the implementation of SunGard’s Infinity Content Manager*. Together, these SunGard solutions will help streamline and automate Sunsuper’s retirement servicing operations.
Tony Lally, chief executive officer of Sunsuper, said, “Our members are the real winners of our SunGard solution expansion. Using SunGard’s technology, our goal is to provide a more personalized, tailored service for members, quicker inquiry response times, better, more efficient online services, as well as new online self-service features. In addition, SunGard will help us create a back-office IT infrastructure to better support our member and client services initiatives.”
Sunsuper will deploy SunGard Omni’s Enterprise Solutions Framework (ESF), a multi-tiered application that helps lower the cost and complexity of Web development and ultimately helps create more flexible client-servicing platforms and speed time to market for new product offerings. For example, Sunsuper will utilize the event modeling capabilities of ESF to provide intuitive, Web-enabled access to complex transaction calculations for displaying available client funds.
“SunGard’s integrated solutions help leading retirement service providers like Sunsuper achieve greater operational efficiencies, improve their clients’ experience and lower their total cost of ownership. Sunsuper’s strategic investment in a platform will help yield value to their members,” said Kevin Rafferty, president of SunGard’s wealth management business.”
*SunGard Financial Systems is pursuing a visionary initiative to transform some of the key functionality of its core systems into components to form a new software development and on-demand delivery environment called Infinity. Infinity helps enable financial institutions to develop and deploy custom applications, integrating SunGard components with their own proprietary or third party components. Infinity uses SunGard's Common Services Architecture (CSA), a service-oriented architecture (SOA) development framework, offering business process management (BPM) and a virtualized, software-as-a-service (SaaS) infrastructure.
About Sunsuper
Recently named the 2008 Industry Fund of the Year by the AFR Smart Investor Blue Ribbon Awards, Sunsuper is one of Australia’s leading industry superannuation funds with more than one million members and around $12 billion funds under management as of March 31, 2009. Sunsuper is an independent, multi-industry superannuation fund and operates on a profit-for-members basis.
About Omni
An integrated suite of solutions for retirement plan administration, SunGard’s Omni helps mid to large providers launch and maintain retirement products and services customized to their client needs. Administrators use Omni to manage the recordkeeping, trading and reconciliation, check writing and benefit disbursement processes of defined contribution, defined benefit and other contributory schemes worldwide.
About SunGard
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, including the world’s 25 largest financial services companies.
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 472 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 five 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, Omni, and Infinity are trademarks or registered trademarks of SunGard Data Systems, Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
For more information, please contact:
Adriana Senior
SunGard
Tel: +1 718-578-1130
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