BISYS has mortgaged its technological future to SunGard. The company says it is adding four more SunGard Systems to its core mutual fund priocessuing platform. The four SunGard products are
Decalog (a portfolio management and trade execution integrated with the INVEST ONE accounting platform);
(STN) (an electronic global network that links financial services firms);
Panorama (a risk management tool) and
XAMIN (a performance measurement and attribution system, also linked to the INVEST ONE accounting platform).
“Today’s market is generating unprecedented competitive demands for investment managers,” explains Fred Naddaff, executive vice president of operations for BISYS Fund Services. “BISYS is committed to providing the contemporary solutions that enable our clients to proactively respond to these demands and the dynamic market trends. We believe the opportunity to leverage SunGard’s state-of-the-art solutions is one important aspect of our product strategy. Specifically, we believe that integrating SunGard’s worldwide investment administration solutions will facilitate our clients’ ability to maximize the performance of their portfolios. These best-of-breed products, when fully integrated with BISYS’s core functionality, will provide our clients with convenient data access and meaningful solutions that we believe will support their overall business objectives.”
BISYS argues that Integrating its proprietary systems with the SunGard applications will increase STP rates as well as functionality. “BISYS continually introduces new products and services that enable our clients to strategically focus more time and attention on money management,” says George Evans, executive vice president of business development for BISYS Investment Services. “We are uniquely positioned to leverage our proprietary technology with best-of-breed providers like SunGard to provide integrated solutions that further streamline our clients’ operations, enable them to more effectively use their internal resources, and to ultimately make a beneficial impact on their businesses.”