SunGard (http://www.sungard.com) today announced that InvestOne Enterprise, a leading investment accounting and reporting solution, was ranked by Source Media's 2006 Mutual Fund Service Guide as the number one system sale/lease provider of US mutual fund accounting solutions for the 17th year in a row.
InvestOne was ranked number one in every major category measured including both total assets managed and total number of funds for '40 Act Mutual Funds, Non-US Domiciled Funds, and All Funds. InvestOne had nearly 12 times the '40 Act mutual fund assets as the second ranked system. The system also took top honours in the five-year snapshot of system providers.
Used by asset managers and third-party administrators the world over, InvestOne Enterprise is a trusted multi-currency investment accounting and reporting solution. InvestOne processes more than $10 trillion in assets and supports usage by virtually any type of portfolio, including mutual funds, unit trusts and institutional funds. Recent years have seen a rise in hedge funds on InvestOne with more than $200 billion in assets related to those funds now processed on the system.
InvestOne has a long-standing history of continuous product evolution and service excellence which is why the world's leading fund service providers, including seven of the 10 largest US third party administrators (TPAs), four of the seven largest TPAs in Ireland, and three of the 10 largest TPAs in the UK, use InvestOne to address their global investment accounting and reporting business requirements.
In June 2005, SunGard announced the re-branding of the product, previously called INVEST ONE, to reflect significant functional and technical enhancements being delivered as part of a multi-year development programme launched in 2003.
This development initiative will help deliver an array of customer benefits including accelerated time-to-market for new product features, enhanced data access and dissemination, improved workflow and new reporting capabilities.
"We are delighted with this industry recognition," said Doug Morgan, president of SunGard's investment systems business. "Our strategy of combining proven functionality with new technology has helped us to improve our reliability and flexibility in serving our customers' traditional business lines, and also to provide the tools to help our customers respond to new opportunities around the world."
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