Growing Credit Union Chose CAMRA for Proven Track Record and Expertise
SS&C Technologies Holdings, Inc. (NASDAQ: SSNC), a global provider of financial services software and software-enabled services, today announced the United Nations Federal Credit Union (UNFCU) has integrated CAMRA into its investment accounting reporting mix.
UNFCU replaced its current system with CAMRA in 2012 to improve and enhance investment reporting capabilities, introduce automated workflow and increase scalability to accommodate future growth. UNFCU is a not-for-profit cooperative financial institution with $3.8 billion in assets, which serves the staff of the United Nations, its specialized agencies, retirees and their families.
“With nearly 100,000 members in more than 200 countries and territories spanning six continents, the need to provide exceptional services to our members is our priority,” said Donald Roe, Senior Vice President of Finance at United Nations Federal Credit Union. “Since the system’s implementation, we are achieving a more streamlined process in our back office through the complete and cost-effective software solution CAMRA provides.”
CAMRA accounting generates detailed accounting postings at individual transaction levels and updates account balances relating to the booking of transactions. CAMRA’s reporting provides transaction data to downstream systems for processing and updating all reporting databases.
“Reducing costs, while maintaining existing service levels, is a key area of focus in the back office for organizations large and small,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “We are delighted to have worked with UNFCU in this area."
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