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Technology / AI and automation

IAG selects SunGard’s Investran for private equity accounting

Investran is an integrated application suite that automates front-, middle- and back-office processes for private equity and alternative investment firms. 

Investran’s customizable accounting system will be used as IAG’s private equity core administration system to help it simplify, automate and improve the accounting and reporting processes of its customers, said SunGard.

Chris Cochrane, managing director of IAG Private Equity, said: Timely, automated production of accurate and reliable information is critical to providing quality private equity fund administration services. As a dedicated private equity solution, Investran will help us to both deliver this information and to service a sophisticated range of funds in the private equity arena.

Emanuel Mond, president of alternative investments business at SunGard, said: IAG firms have responded to the growth in alternatives by developing their capabilities to facilitate the more complex administration of funds. In this respect, IAG joins an increasing number of fund administrators that are turning to SunGard’s Investran for its accounting and reporting services as the demand to support specialized funds continues.

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CBR Staff Writer

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