SunGard Consulting Services

THE SCOOP 

Son of a Sun

A division of SunGard Financial Systems-which is itself a subsidiary of SunGard Data Systems-SunGard Consulting Services provides independent business and technology consulting primarily in the financial services, energy and media industries. The majority of the consulting arm's work is helping firms around the world identify the right technology strategy for their business, whether that involves navigating regulatory requirements, developing proprietary software or integrating off-the-shelf products; the parent firm is a global leader in software and processing solutions across financial services. Its consultants offer deep domain and technology expertise as well as unparalleled insight into SunGard's solutions. 

The Consulting Services group is a relative newcomer to SunGard, having only been acquired in 2002 (the parent firm dates back to 1982). Prior to that, it operated as EnFORM Technology, an energy-tech consultancy based in Houston that was started by a group of ex-big five consultants. By leveraging its parent firm's sizable distribution channel, SunGard Consulting Services has since emerged as a major global player, leveraging SunGard's global delivery model with offshore solution centers in India, China and Tunisia.

 

The back end of banking

SunGard Consulting Services ranks some of the world's largest financial services corporations among its clients. For these companies, SunGard consultants do everything required to integrate technology with the clients' business-which often involves SunGard's proprietary methodologies. Its services range from regulatory and risk management to data warehousing, systems integration, custom application development and package implementation. 

One high-profile client that benefited from a range of SunGard's services was the New York Stock Exchange. Working with SunGard in a joint development, the NYSE developed data management solutions for the market data, news and alert capabilities it offers through its NYSE Market Access Center. The center provides real-time access to trading information and news, and utilizes real-time services (including a data feed) from SunGard. In addition to providing the feed and other charting and reporting capabilities, the SunGard system offers a complex alert system that delivers results to wireless devices. While a SunGard software team performed much of the work on the project in terms of software development and the like, its Consulting Services division also had a significant role to play-namely in providing services such as project management, requirements analysis and change management. According to the firm, it also provided integration expertise in terms of connectivity and ASP delivery, user acceptance testing and final launch. 

 

Powering up

Energy is SunGard Consulting Services' other major practice area. Hardly surprising given its history in the industry, and even SunGard's as a whole; formed in a 1982 leveraged buyout of Sun Oil Company, energy has always been the lifeblood of the firm's profits and expertise. Specifically, SunGard Consulting Services serves utilities, retailers, wholesalers, and integrated energy and commodity companies, as well as market participants such as banks, hedge funds, traders, and nonintegrated energy companies and exchanges. SunGard consultants offer advice and technical expertise across the board. For corporations, consultants help reduce costly inefficiencies resulting from outdated infrastructure, ignorant trading strategies, and more. For example, the ever-changing nature of energy regulation, like Dodd-Frank Title VII, demands an intimate understanding of what is and is not compliant; as the United States seeks cleaner, homegrown energy alternatives, SunGard Consulting Services will be among the major advisors and providers of innovative technologies. 

 

IN THE NEWS

July 2014 

SunGard Survey Finds Lack of Proactive Data Reporting Hinders Success of Effective Business Intelligence Programs

A global survey undertaken by SunGard reveals the priority placed on business intelligence (BI) continues to heighten, but many organizations are challenged by the need to improve reporting techniques, business capabilities and information management. SunGard surveyed senior executives and found that a vast majority, collectively 80% of respondents, use periodic reporting techniques (51%), and reactive, "after-the-fact" reporting (29%), demonstrating that many current BI programs lack proactive, investigative reporting tactics. Read more.

 

May 2014 

SunGard Identifies Global Trends Driving Adoption of Managed Services across the Financial Services Industry

Regulations, operating costs and back office requirements are draining resources that financial institutions need to focus on core strategic initiatives that will help drive growth and profitability. To address this, firms are increasingly integrating technology service offerings into their software tools, such as hosting, cloud and managed services, to help them better control risks, manage costs and utilize resources more strategically. Read more.


April 2014
 

SunGard Survey Reveals Concerns That Testing Of Financial Services Infrastructure Is Inadequate

As the technology infrastructure relied upon by financial services firms to carry out their day-to-day operations becomes increasingly complex, a survey undertaken by SunGard Consulting Services has revealed concerns that the testing of these systems is insufficient to protect against failure. The smooth implementation of upgrades or new technology is crucial in helping ensure that financial services firms can offer new or improved products and services to their customers and retain a competitive advantage. Failure to properly test technology, however, can result in outages and downtime that may lose the firm business and cause reputational damage.

 

March 2014 

SunGard Tops Six Categories in Energy Risk Magazine's 2014 Software Rankings

SunGard was ranked number one in six categories of Energy Risk magazine's annual Software Rankings 2014. SunGard was voted the best energy trading and risk management (ETRM) system for regulatory compliance, access to multiple OTC cleared energy markets, power, front office and trade capture, best market knowledge, and ease of integrating with other systems. Read more.

 

January 2014

SunGard Announces Plan to Split off Its Availability Services Business; Will Separate Into Two Strong, Industry-Leading Companies

SunGard Data Systems Inc. ("SunGard"), one of the world's leading software and technology services companies, announced that its board of directors has approved a plan to split off its Availability Services business on a tax-free basis to its existing stockholders, including its private equity owners. The SunGard Availability Services business will be a separate company from SunGard and have its own board of directors. SunGard's remaining software and processing businesses will consist of Financial Systems (SunGard's largest business), Public Sector and K-12 Education. Read more.

 

May 2013 

SunGard Helps Natural Gas Market Participants Attain Agile Growth & Smarter Operations amid Evolving Market Trends

The natural gas market is undergoing rapid change, fueled by abundant natural gas supply, improved recovery technologies and lower gas prices. While this change will offer substantial opportunity for gas producers, traders, and Liquefied Natural Gas (LNG) merchants, the complexity of this evolving global market will require market participants to adapt their business models to manage new risks, implement smarter more efficient operations and develop agility for global growth. Read more. 

 

SunGard Named Regulatory Advisory Firm of the Year by Energy Risk:
SunGard Consulting Services' energy practicewas named "Regulatory Advisory Firm of the Year" by Energy Risk Magazine. This distinction recognizes both SunGard's deep consulting expertise and unique transaction monitoring and surveillance service offering. Read more at SunGard.

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SunGard Consulting Services


10375 Richmond Avenue
Suite 700
Houston, TX 77042
Phone: (713) 350-1000
Fax: (713) 438-1000
www.sungard.com/consulting

STATS


  • Employer Type: Subsidiary
  • CEO: Russell P. Fradin
  • 2014 Employees: 13,000

  • Employment Contact

    Visit SunGard's careers page


  • Major Departments & Practices

    Business consulting

    Advisory services

    Business process improvement

    IT strategy and governance

    Customer experience

    Program assurance

     

    Technology consulting

    Advanced technology

    Information management

    Business process management

    Custom application development

    Package implementation

    Systems integration

     

    Managed services

    Managed IT services

    Business process outsourcing

    Testing services

Major Office Locations

  • Houston, TX (HQ)

    Charlotte, NC
    Dallas, TX
    New York, NY

    Dublin, IRE
    London, UK

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