Investindustrial Advisors has chosen SunGard to provide its Investran private equity software, centralising accounting and reporting across funds.
Investment manager to Investindustrial private equity funds, Investindustrial Advisors will use the SunGard solution as a foundation for a new operating system across investment and investor operations.
It will implement a fully automated system, and a link between the finance and investor relations teams, allowing accurate, fast and transparent transfer of portfolio data.
The solution will also enhance investors’ reporting capabilities.
Oliver Muhr, SunGard’s COO of Investran, said: “Investment firms are under pressure to provide more information to both regulators and their investors, and are therefore looking to gain efficiencies wherever possible while maintaining data consistency and integrity.”
“Using one system to automate its investment operations environment will help Investindustrial to efficiently manage the complex fund structures and accounting processes in the private equity world while responding quickly to investor enquiries and maintaining good investor relations.”
Investindustrial has more than €3 billion in assets under management, with offices in the UK, China, the US, Switzerland, Spain and Luxembourg.
Neil Smith, chief financial officer at Investindustrial, said: “We were looking for a solution that would help improve the efficiency of our administration platform and streamline our operations. Our goal was to employ one system for all of our investment and investor information.”
“In SunGard’s Investran, we saw a solution that has both a robust general ledger for accounting and the flexibility we needed for a variety of investor reports.”
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