BBM taps SunGard to automate its accounting processes.
Rio de Janeiro-based BBM Investimentos has selected SunGard's Asset Arena Investment Accounting tool to help automate its accounting processes, marking the first Brazilian get for the division, according to SunGard.
The asset manager, which had relied mainly on manual processes, says that it will use the solution to create an automated environment to support global and Brazil-specific requirements under a single platform.
"Asset Arena can help support the globalization of the Brazilian market by handling both Brazilian and offshore instruments," says Miguel Flaksman, chief operating officer at BBM.
More from Buy Side Technology
Updating your subscription status
Winner's Announced: Buy-Side Technology Awards 2014
The winners of the 8th annual Buy-Side Technology Awards 2014 were announced in London on November 7, recognizing the leading technologies and vendors in their area of expertise, through an auditable and transparent methodology . To view the winners across the 31 categories click here.
11 Nov 2015
19 Nov 2015
02 Dec 2015
07 Dec 2015
Download whitepaper for FREE Public cloud has grown exponentially in recent years in sectors such as telecoms, the media, health industry and insurance,...
Download whitepaper for FREE Most financial institutions recognize the value of data as an asset, although only a small minority have a mature data governance...