SunGard Offers Streamlined Solution

June 25, 2001 ( - SunGard Corbel has upgraded Relius Administration, its 401(k) administration and recordkeeping software to include a straight-through processing (STP) feature.

The optional STP feature:

  • proactively searches for data files from Web or voice response interfaces
  • creates and posts transactions
  • creates and settles trades

According to the Jacksonville, Florida-based unit of SunGard, the STP feature also tracks and reports for exceptions, which can make reconciliation automatic and virtually paperless.

Relius Administration (formerly Quantech) is used by more than 1,300 pension administration firms nationwide, according to the company.