SunGard Investment Management Systems has added Financial Software Limited’s CGix Capital Gains Tax (CGT) solution to its APSYS III application for UK customers.
APSYS III is a private client application which SunGard has been adapting to the UK onshore market. CGix provides Capital Gains Tax calculations and a tax optimization solution through a “What-if” capability, which calculates the effects of hypothetical sales for real-time forecasting within a portfolio.
“SunGard is a leading provider of solutions for the wealth management industry,” says David Pirrie, technical director at FSL. “This initiative is a good opportunity to capitalize on each other’s expertise and deliver a state-of-the-art straight-through processing environment for the UK.”
Daniel Bardini, president of APSYS III at SunGard Investment Management Systems, adds that CGix is the only product in the UK to provide a comprehensive solution to the automation of CGT calculations on investment portfolios. “By partnering with Financial Software to offer its CGT calculation through APSYS III, we are providing UK wealth investment managers with a reliable real-time solution to better serve their customers,” he says.