SunGard Releases New VPM Portfolio Accounting Solution For Hedge Funds

SunGard released a new version of its VPM portfolio accounting solution for hedge funds.

SunGard's VPM version 9.0 provides hedge funds with an enterprise-level portfolio accounting application that is built on a service-oriented architecture for plug-and-play integration with a firm's existing applications and scalability to address future business needs, the vendor said.

It also provides a new user interface focused on increasing operational efficiency, simplifying workflows and providing intuitive access. "Regulators and institutional clients are fixated on transparency and improved reporting from their asset managers," Denise Valentine, senior analyst at Aite Group, commented in a release.

"Recent scandals mean clients have higher standards on reporting - including requiring a rapid response to ad-hoc requests for information. As firms receive reports from across their money managers, the performance bar is raised. Clients will expect all their managers to report on a par with their best reporting manager " a real challenge for some firms," she said.

VPM version 9.0 includes workflows optimized for efficiency and transparency and an enhanced reporting engine. Data entry has been streamlined and improved to help users view data according to their preferences, which helps escalate data monitoring capabilities and improve efficiency, according to SunGard.

VPM's reporting engine provides click-through reporting and a dashboard that displays pertinent data in a graphical fashion, presenting timely access to mission-critical data through a centralized reporting portal, the vendor said.

It can help to provide firms with a clear picture of their operations and put actionable information at a user's fingertips, SunGard added. Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio