United Nations Federal Credit Union (UNFCU) has deployed SS&C Technologies’s CAMRA to improve and enhance investment reporting capabilities, introduce automated workflow and increase scalability to accommodate future growth.
The credit union (CU) migrated on the new platform in 2012 and completed the integration of CAMRA into its investment accounting reporting mix.
United Nations Federal Credit Union finance senior vice president Donald Roe said that the company required a technology to better serve its almost 100,000 members in over 200 nations and regions across six continents.
"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," Roe added.
Designed to offer transaction data to downstream systems for processing and updating all reporting databases, the new accounting technology generates detailed accounting postings at individual transaction levels and updates account balances relating to the booking of transactions.
Headquartered in New York, UNFCU has offices in Geneva, Vienna, Nairobi, Rome and offers its members an arrau of financial products and services to meet their unique needs.
Established in 1986 and headquartered in Windsor, SS&C offers investment and financial software-enabled services especially to the global financial services industry.