Integrated Fund Services Upgrades To Latest Linux-Based InvestOne Fund Accounting Platform From SunGard

SunGard says that Integrated Fund Services has upgraded to the latest version of its InvestOne Enterprise fund accounting application. A customer of InvestOne since 1993, Integrated has implemented InvestOne Enterprise 5.0, the first release to include components of a new

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SunGard says that Integrated Fund Services has upgraded to the latest version of its InvestOne Enterprise fund accounting application.

A customer of InvestOne since 1993, Integrated has implemented InvestOne Enterprise 5.0, the first release to include components of a new product architecture.

In Integrated’s deployment, the application resides at SunGard’s ASP data centre and runs on Linux, making the Cincinnati-based mutual fund service company the first InvestOne customer to use this operating system to run the product in live production.

“By implementing InvestOne Enterprise, we feel that we have invested in technology that will help enhance our service capabilities through operating, training and information delivery gains,” says Steve McCabe, vice president of fund accounting and financial reporting for Integrated. “The new release of InvestOne Enterprise has provided us with a breakthrough in functionality which will help us to competitively differentiate our service to customers.”

“To a generation of recently graduated users who’ve grown up using the Internet, portfolio accounting systems utilizing modern Web-based interfaces offer accessible, efficient, user-friendly technology that helps result in a shortened learning curve and reduced training costs for the institution,” adds Matt Nelson, Investment Management Analyst for TowerGroup.

“We share TowerGroup’s view and that is why we have focused on the evolution of InvestOne Enterprise,” says Doug Morgan, president of investment systems, SunGard. “The release of InvestOne Enterprise 5.0 and its successful implementation at Integrated represent milestones in the advancement of the product. The new product architecture positions Integrated to benefit from functional and operating improvements. Our customers can now more readily adapt the product to their specific operating requirements and gain access to new data access and dissemination capabilities.”

As part of a major re-development of InvestOne, SunGard is changing the core business rules engine of the application into a configurable solution based on a service-oriented architecture. InvestOne Enterprise 5.0 is the first phase of a lengthy transformation process.

Further releases will enhance information access and reporting and include a workflow engine with dashboard instrumentation capabilities providing a full view of daily processing activities.

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