SunGard, a software and processing solutions provider, has revealed that three new customers, including investment firm Tukman Capital Management, have gone live this month on its ASP portfolio management solution, IMpower.
SunGuard says IMpower addresses the requirements of investment managers with capabilities for trading, accounting, performance measurement, and reporting. SunGard claims the solution was developed to help investment firms to achieve internal and external straight-through processing through the integration of the front- and back-office environments and the automation of the pre- and post-trade settlement cycle.
Tuckman’s CFO, Sctt Rosen, is said to have cited various factors critical to the selection of IMpower such as the product’s browser-based technology, data access, performance measurement, and trading capabilities.
Doug Morgan, SunGuard president, said These three customers putting IMpower into live production, is the latest indication of the momentum that IMpower is now achieving. For these firms, IMpower helps to streamline the investment process by combining powerful functional capabilities with a flexible deployment model.