Investindustrial Advisors, investment manager to the Investindustrial private equity funds, has chosen SunGard’s Investran private equity software solution to provide a centralised accounting and reporting solution.
Investindustrial, which has more than EUR3 billion in assets under management, will use SunGard’s Investran to act as the foundation for a new operating platform across investment and investor operations. This fully-automated solution will replace a largely manual operating environment and provide an important link between the finance and investor relations teams, helping them to send accurate and transparent portfolio data to investors in a timelier manner.
“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.,” says Investindustrial’s chief financial officer Neil Smith
– Oliver Muhr, chief operating officer, Investran, SunGard, says: “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.”
