LONG ISLAND CITY, N.Y. United Nations FCU has implemented SS&C Technologies Holdings’ CAMRA into its investment accounting reporting mix.
The $3.8-billion credit union said it replaced its current system with CAMRA to improve and enhance investment reporting capabilities, introduce automated workflow and increase scalability to accommodate future growth.
“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,” said Donald Roe, senior vice president of finance at the credit union.
The company said CAMRA 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.
