Ultimus Expands Relationship with SunGard

Mar 31, 2015

15-Year Relationship Reinforces Firm’s Expertise in Multi-Market Accounting

CINCINNATI, OHIO – March 31, 2015 Ultimus Fund Solutions, LLC (Ultimus) announced today that it has expanded its long-standing relationship with SunGard by adding SunGard’s InvestOne Reconciliation solution to its Asset Arena InvestOne investment accounting platform to help enhance middle– and back-office reconciliation support for clients. Ultimus, which last year celebrated its 15th anniversary, has worked with SunGard for the entire 15-year period. After initially adopting SunGard’s InvestOne system in 1999, Ultimus now serves 36 clients, more than 90 mutual funds and over $20 billion in assets on the system. Ultimus has used SunGard’s InvestOne platform to successfully convert more than a dozen clients and billions of dollars in assets from other accounting systems over the years.

“Ultimus recognized from day one that SunGard, like us, is committed to making necessary investments in category-leading technology like InvestOne Reconciliation to stay ahead of the curve in an industry that changes so frequently,” said Gary Tenkman, Managing Director at Ultimus. “While our relationship is 15 years strong, we have a number of experts with more than 20 years of experience on the InvestOne system and we’re always working with SunGard to help ensure we’re providing the most value to our clients. SunGard is regarded as one of the financial industry’s foremost providers of mutual fund accounting systems. We’re proud of the strong relationship we’ve formed and we look forward to many more years of excellence together.”

Ultimus has continued to grow and evolve with SunGard, adding InvestOne Reconciliation to provide clients with a more flexible and seamless experience. The platform provides another layer of back-office support for Ultimus’ clients, helping to further strengthen its comprehensive regulatory and audit compliance program for a growing number of investment managers with more complex product offerings.

InvestOne Reconciliation, which uses SunGard’s IntelliMatch technology, automates cash, position and trade reconciliation, as well as price and security master validation for all asset classes and record types. By passing identified exceptions through sophisticated workflows, InvestOne Reconciliation helps to rapidly resolve discrepancies and omissions, while reducing the time required to calculate a verified net asset value (NAV).

“Against the backdrop of increasingly complex investment products, greater regulatory burden, and convergence between traditional and alternative investments, Ultimus continues to demonstrate its commitment to meeting new client demands through investments in advanced technology solutions,” said Doug Morgan, President of SunGard’s institutional asset management business. “We share that commitment and appreciate the efforts Ultimus has made to capitalize on the operational efficiencies of SunGard’s integrated technology solutions.”


About Ultimus Fund Solutions

Ultimus Fund Solutions provides highly customized and comprehensive mutual fund services to small-and medium-sized fund groups. The company offers mutual fund startup and organization services, fund administration, fund accounting, transfer agent and distribution services for both open-end and closed-end funds. Additionally, Ultimus provides middle office outsourcing service solutions, managing the technology infrastructure and daily operations required for front office investment process and providing comprehensive reporting options for risk and compliance officers, investors and the regulators. Ultimus’ broad range of services are performed by teams of CPAs, attorneys, paralegals and other professionals with a wealth of mutual fund experience.

For more information, visit www.ultimusfundsolutions.com.

About SunGard

SunGard is one of the world’s leading software and technology services companies, with annual revenue of about $2.8 billion. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard serves approximately 16,000 customers in more than 100 countries and has more than 13,000 employees. For more information, please visit www.sungard.com.

SunGard, the SunGard logo, Asset Arena, IntelliMatch and InvestOne 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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