Crederian Fund Services LLC, a full-service fund administrator, has selected SunGard's Asset Arena Transfer Agency, a high-volume shareholder recordkeeping solution that processes transactions as they happen with 24/7 system availability.
SunGard's Asset Arena Transfer Agency is helping Crederian adopt a highly customized approach to investor servicing and reporting, providing the flexibility to organize and service investors based on their unique processing needs. A Web-based solution, Asset Arena Transfer Agency is delivered on an application service provider (ASP) basis, helping to speed its implementation while creating little to no impact to the customer's technology footprint.
Asset Arena allows Crederian to process shareholder records in a specialized and automated fashion, supporting the firm's commitment to providing tailored services. SunGard's Asset Arena Transfer Agency will help Crederian deliver new service offerings and complex tax reporting to specific groups of investors without significantly increasing its staffing levels. The firm will take advantage of SunGard's service-based delivery, giving investors Web access to transfer agency recordkeeping and reporting services while maintaining data in a secure environment.
Vince Ciavardini, president and chief executive officer of Crederian Fund Services, said, "We selected SunGard's Asset Arena because of the strength of its reputation and the quality of its solutions. We continue to be impressed with SunGard's responsiveness to our requirements and with the speed and ease of implementing Asset Arena Transfer Agency. With the help of SunGard and Asset Arena, we can stay focused on our business, customize services to our clients' needs, and continue to expand our product offerings."
Mark Judah, senior vice president and managing director of SunGard's Asset Arena Transfer Agency business unit, said, "By providing Crederian with a fully hosted transfer agency platform like SunGard's Asset Arena, we were able to provide Crederian Fund Services with a cost-effective solution in a timeframe that met their demands."