Through an interface with Stellar Technology Solutions’ iPhi platform, the system now provides the specialized sub-account processing, statements and reporting as well as daily valuations required by financial institutions servicing endowments.

“Combining the capabilities of SunGard’s trust accounting solutions with Stellar Technology Solutions’ iPhi platform will help financial institutions operate smarter by reducing administrative costs and manual processes,” Eileen Van Scoy, executive vice president within SunGard’s wealth and retirement administration business, said in a statement.

The combined solution also offers delivery in a managed services environment as well as secure portals for donors, grantees, scholars, committee members, financial advisors and other constituents. It also provides endowment non-profit organizations, such as public charities and private foundations, with reporting and user access to enhance transparency of information and expenses.

SunGard plans to extend the Stellar Technology Solutions’ iPhi interface for its Charlotte and Global Plus trust accounting solutions this year.