SunGard Announces Launch of IMpower Reconciliation Service.Automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. Web-based Reconciliation Advances Portfolio Management to Reduce Operational Risks and Costs LOMBARD, Ill. -- SunGard (http://www.sungard.com) today announced the availability of IMpower Reconciliation, which is available to customers of IMpower, SunGard's Web-based, global portfolio management system (http://www.sungard.com/impower). IMpower Reconciliation provides asset managers a more automated approach for reconciling custodian bailee (custodian) n. a person with whom some article is left, usually pursuant to a contract (called a "contract of bailment"), who is responsible for the safe return of the article to the owner when the contract is fulfilled. positions, transactions and cash statements. SunGard has signed and is currently implementing its first customer of the new service. Offered to asset managers as an ASP solution, IMpower is a comprehensive portfolio management system which provides integrated portfolio management, accounting, trading, performance measurement, and reporting capabilities. IMpower Reconciliation, available as an additional module of IMpower, is based on intelliMATCH, SunGard's solution for automated reconciliation and exception identification. IMpower Reconciliation extends IMpower's standard reconciliation functionality, helping reduce manual, error-prone processing of transactions by automatically identifying exceptions, reducing investigation time and helping users to re-allocate costly resources by automating previously manual tasks. IMpower Reconciliation provides the following: * Access to daily and/or monthly reconciliation using customizable rules to support the unique business processes of each asset manager. * Exceptions are identified and automatically uploaded and posted back to the system, in a proactive manner, helping to reduce the operational risk, high costs, and time spent on error-prone manual processing. * Comprehensive reports and graphical, browser-based dashboard (1) See Mac Dashboard. (2) A software-based control panel for one or more applications, network devices or industrial machines. Dashboards display simulated gauges and dials that look somewhat like an automobile dashboard. provide up-to-the minute operational information for both users and management. * Connectivity to SunGard Transaction Network (STN (SuperTwisted Nematic) A passive matrix LCD technology that provides better contrast than twisted nematic (TN) by twisting the molecules from 180 to 270 degrees. See DSTN. ) for SWIFT, providing direct access to custodians
The Custodians is terminology in the Bahá'í Faith, which refers to nine Hands of the Cause assigned specifically to work at the Bahá'í World Centre in attendance to the Guardian of the Faith. on the SWIFT network. * Consolidation of incoming data feeds from any source into a single, consistent format, so that SWIFT and non-SWIFT member custodians, data files and static data can be addressed with a more streamlined, standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. treatment of information to reduce risk, errors and time spent on manual downloads. * Scheduled, automatic downloads of custodian and advisor files to reduce the amount of time spent on manual downloads. * Detailed audit trails to track transactions, positions and more. "IMpower allows asset managers to streamline an array of portfolio management functions, reducing the risks and costs of their operations," said Doug Morgan, president of SunGard's Institutional Asset Management business. "With IMpower Reconciliation, SunGard gives customers an even more innovative, proactive and automated portfolio management solution that can be easily configured con·fig·ure tr.v. con·fig·ured, con·fig·ur·ing, con·fig·ures To design, arrange, set up, or shape with a view to specific applications or uses: to their operating environment In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. . Both longstanding and new customers can gain from the increased efficiencies that IMpower Reconciliation can lend to their day-to-day portfolio management tasks." About IMpower A multi-faceted processing solution for investment management firms, IMpower provides portfolio management, trading, accounting, performance measurement and reporting. Firms use IMpower's real-time processing Noun 1. real-time processing - data processing fast enough to keep up with an outside process real-time operation data processing - (computer science) a series of operations on data by a computer in order to retrieve or transform or classify information features to support investment decision-making. They rely on its global, multifunctional capabilities to process international investments. And they leverage its straight-through processing straight-through processing The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions. to integrate front- and back-office functions, help simplify workflow and speed settlement cycles. About SunGard With annual revenue exceeding $4 billion, SunGard is a global leader in software and processing solutions for financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com. Trademark Information: SunGard, the SunGard logo, IMpower, intelliMATCH and SunGard Transaction Network (STN) are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders |
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