MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, March 24, 2004 SunGard INVEST ONE Module SunGard Investment Management Systems recently introduced a new module for its INVEST ONE accounting solution. The Exception Manager is a module that monitors and detects potential processing exceptions. It’s part of an ongoing effort to "evolve the [INVEST ONE] product to deliver incremental efficiencies in different areas," according to Doug Morgan, president of SunGard Investment Management Systems. SunGard has one client currently using Exception Manager in production, according to Morgan. "Our expectation is that we’ll have half a dozen in production by the end of the year," he said. Morgan said, "The real genesis of [Exception Manager] was the fact that our clients were interested in solutions that increase operational efficiency." He added that the module’s ability to catch market timing activity was "a very important derivative benefit." "Deploying the module can be a very involved process," said Paul zur Nieden, vice president of client services for INVEST ONE. Users can customize the rules they want to run and specify different tolerance levels. "The configuration of the rules is what makes the deployment involved," he said. The Exception Manager library currently has over 80 rules and is "growing by leaps and bounds," zur Nieden said. He expects the number to double over the next year. Printed from: MFWire.com/story.asp?s=6884 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |