SunGard Releases Rollover Product

September 20, 2004 ( - SunGard Employee Benefit Systems has unveiled an automated rollover asset retention system for clients using OmniPlus and Relius Administration.

Through a partnership with ProNvest, the system offers SunGard clients immediate rollover asset retention and acquisition capabilities for their platform of choice and provides plan participants with a continued relationship for investment management, according to a company announcement.

The SunGard ProNvest product presents participants with all necessary documents to open an IRA account and liquidate assets from any platform, internal or external, and direct them to the provider’s platform of choice, the company said. This product helps customers lower their total cost of ownership by reducing printing, mailing and administrative costs through automation of digitally signed documents for additional signature, approval and review, according to the announcement

SunGard ProNvest is available to all ASP customers as an integrated module of OmniOnline and is also offered as a licensed solution for OmniPlus and Relius Administration.