Australian fund administrator FundBPO has selected wealth management technology provider DST Systems to boost automation of its fund administration offering.
Under a five year license agreement, DST Systems will deliver its enterprise workflow solution, Transfer Agency (TA), to FundBPO.
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The solution will be first launched across FundBPO’s Australian unit registry (transfer agency) business for a range of clients such as equity trustees, Grant Samuel Funds Management, SG Hiscock & Company and Smarter Money Investments.
The selected platform combines the company’s business process management platform AWD with pre-configured global best practice TA processes.
FundBPO CEO Martin Smith said: “This solution will allow us to implement global best practice processes while driving significant efficiency gains across our business. We will be able to run a paperless unit registry business with real-time service level reporting, client interaction and management of a fund’s transaction life cycles.
“To quantify this, the 9,000+ faxes, letters and emails we receive from investors each month will be integrated and indexed in AWD, improving turnaround times and increasing transparency and process controls for our clients.”
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By GlobalDataPlans are on to eventually extend AWD’s workflow capability to other geographies and business divisions.
