Atlanta, GA – Jun 06, 2008 – A new tier of SunGard�s iWorks Investments solution suite was released today. SunGard�s iWorks Investment Management is an investment accounting solution that helps insurance and other financial services companies meet their investment accounting, reporting and decision support responsibilities The solution provides transactional processing, historical reporting and application level security to help insurance companies and other financial services firms improve access to decision-making data, enhance workflow and meet changing regulatory requirements (http://www.sungard.com/iWorks).
iWorks Investment Management supports a wide range of investment instruments and includes the ability to process in multiple open periods. It also supports the analysis of investments based on market changes, and can be customized to support customer-specific operational and processing needs. SunGard�s iWorks Investment Management can be implemented in-house, on an ASP basis, or by outsourcing hosting to SunGard.
Greg Webber, president of SunGard�s insurance business, said, �SunGard has leveraged its experience in the insurance and investment industry to create iWorks Investment Management. SunGard�s iWorks Investment Management helps insurance companies navigate today�s complex investment environment, characterized by increasing accounting, regulatory and reporting demands. SunGard iWorks� transactional processing and reporting functionality help firms quickly deliver results through automation and a flexible processing environment.�
About SunGard iWorks
SunGard iWorks is a business-driven IT product family for the insurance industry in each of the following major business lines: life/health/annuities/pensions, property and casualty and reinsurance. iWorks offers a range of products and services including front-office tools, policy administration, reinsurance, actuarial calculations, financial accounting, investment accounting, and reporting. SunGard partners with customers to deliver products and services that align with changing business and regulatory needs.
With annual revenue of $5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education 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.