Principal Funds, an affiliate of Principal Financial Group, has extended its relationship with SunGard’s Asset Arena Investment Accounting. SunGard will help Principal with its growth plans by providing comprehensive support for a wide range of assets and structures.
Asset Arena has been selected as it can manage a company’s workflow requirements and help automate critical accounting functions, such as portfolio valuation and daily accruals of income, expenses, fees and cash movements. Principal Funds initially signed a deal with SunGard in 1991.
Click here for the release from SunGard.