What SunStream Business Services does

SunStream Business Services is a managed IT service provider exclusively serving Farm Credit lending institutions in the United States. Organized in April 2020 as a Section 4.25 service corporation under the Farm Credit Act of 1971 and spun out from AgriBank, the company delivers shared back-office technology services to Farm Credit associations, banks, and other entities within the Farm Credit System. Its customer base is a closed cooperative ecosystem: its owners (AgriBank FCB, Compeer Financial, and six associations in the CentRic Technology Collaboration) are simultaneously its customers, and services are extended to additional Farm Credit associations across the AgriBank District and other Farm Credit Districts in all 50 states and Puerto Rico.

The product portfolio spans five service categories. Core accounting systems include the Cornerstone loan accounting platform with Related Services Systems (RSS), Bank Balancing, Customer Commitments, Transaction Gathering, and Government Reporting modules; the OneStream-based Financial and Reporting Systems with multi-year forecasting, rolling forecasts, scenario analysis, and District-level drill-through; and Infor-based general ledger processing. Business services include Corporate Tax Services (with over 30 years of Farm Credit specialization), Insurance Operations (integrated with RMA crop insurance data and AM Best carrier ratings), Collateral Services, and Mailing Services. Accounting services cover Assignment Remittance Tracking, LockBox Processing, and Specialized Loan Accounting Services. Technology services include Endpoint Experience management via Microsoft Intune, Infrastructure Support and Cloud Services, and Security Services featuring a 24/7 Managed SOC, vCISO, Security Awareness Training, DLP, EDR, SIEM, web filtering, vulnerability scanning, penetration testing, identity and access management, and FCA Cyber Risk Management Rule compliance tools. The underlying stack is heavily third-party (Cornerstone, OneStream, Infor, Microsoft, Ipswitch MOVEit, Everbridge) integrated through SunStream's domain expertise and operational layers.

Revenue is generated through a shared-cost managed services model in which total service cost is allocated among owner-customer groups (AgriBank, SunStream, and the Associations), with the remaining balance customized based on application users, customer size, and reporting complexity. Financial and Reporting Systems contracts carry a three-year term billed annually. Adjacent professional services—Corporate Tax and customized consulting—are billed at $185 per hour plus expenses or on a project basis. The company does not publicly disclose revenue, employs between 11 and 50 people, and operates within a narrow but structurally insulated vertical under FCA oversight.

Name

SunStream Business Services

Legal name

SunStream Business Services

Website

https://sunstreamservices.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

SunStream Business Services is a managed IT services provider exclusively serving U.S. Farm Credit lending institutions. Organized in 2020 under Section 4.25 of the Farm Credit Act, it delivers loan accounting, financial reporting, tax, cybersecurity, and infrastructure services to owner-customers within the Farm Credit System.

Ownership category

akta.pro rank

Product category

Managed IT Services for Agricultural Lending Institutions

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Business Service Centers (56143)

SIC

Services-Management Services (8741), Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Loan Operations & Servicing (Consumer/SME/Corporate) (FSABALAD)

Keywords

• Managed IT services
• Farm Credit services
• Loan accounting systems
• Financial reporting systems
• Cybersecurity services

Headquarters

HQ city

Saint Paul

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Managed IT Services: SunStream operates as a managed services provider offering technology products and services backed by a team of experts. Services include loan servicing, general ledger, financial reporting, data and analytics, technology and security, and business services. Revenue is generated through shared District resources and per-service pricing.
2. Corporate Tax Services: Cost-effective shared District tax resources helping Farm Credit entities manage tax compliance requirements. Provides focused, experienced, accommodating, affordable, individualized, and predictable tax services.
3. Consulting and Customized Programming: Consulting or Customized Programming Services are available at a cost of $185 per hour, plus expenses, or at an agreed to price per project for Financial and Reporting Systems.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

SunStream Business Services is a managed IT service provider that delivers back-office applications, technology services, and business services exclusively to Farm Credit lending institutions. Its portfolio spans loan accounting systems (Cornerstone), general ledger processing (Infor), financial reporting (OneStream), data integration and reporting, endpoint and infrastructure management, managed security services, corporate tax, insurance operations, collateral, mailing, and consulting services. Services are delivered through shared District resources and dedicated teams under a cooperative ownership model aligned with Farm Credit entities.

Product overview

SunStream Business Services is a managed IT service provider offering a comprehensive portfolio of back-office technology products and services for Farm Credit lending institutions. The company provides five service categories: (1) Accounting Services including Assignment Remittance Tracking (ART), LockBox Processing, and Specialized Loan Accounting Services; (2) Business Services including Collateral Services, Corporate Tax Services, Insurance Operations, and Mailing Services; (3) Core Accounting Systems including Financial and Reporting Systems (powered by OneStream), General Ledger Processing and Support (using Infor), and Loan Accounting Systems (Cornerstone platform); (4) Data Services through Data Integration and Reporting with Decision Support Database and Daily Database access; and (5) Technology Services including Endpoint Experience (leveraging Microsoft Intune), Infrastructure Support and Cloud Services, and comprehensive Security Services. The company operates as a service corporation organized under Section 4.25 of the Farm Credit Act of 1971, serving Farm Credit entities across the AgriBank District.

Differentiator

Problem solved

Functional benefit

Products and services

• Assignment Remittance Tracking (ART) Automated processing service for high-volume recurring assignment payments (such as dairy) supported by specialized accounting staff for exception processing, research, and communication with assignment remitters. Designed for Farm Credit lending institutions and their retail customers.
• LockBox Processing Service for management of high-volume client payments using an outside vendor, including exception processing, research items, and vendor relationship maintenance. Built for Farm Credit lending institutions handling large payment volumes.
• Specialized Loan Accounting Services Back-office loan and lease accounting services including disbursement and payment application processes, wire transfer payment origination, lease payment processing, and high-risk loan accounting. Targeted at Farm Credit lending institutions.
• Collateral Services Tracking, reviewing, and safekeeping services for collateral documents related to commercial and mortgage loans, leases, participations, and Farm Cash Management for Farm Credit lending institutions.
• Corporate Tax Services Cost-effective shared District tax resources helping Farm Credit entities manage tax compliance, including preparation of federal and state income tax returns, monthly and quarterly income tax provisions, estimated tax payments, general ledger reconciliation, tax audit consultation, and sales tax returns.
• Insurance Operations Manages relationships, administers programs, and evaluates crop and life insurance carriers for Farm Credit institutions. Includes support tools, life insurance program administration, insurance systems, centralized reporting, and FCA regulatory compliance.
• Mailing Services and Support Mailing and support services for Farm Credit customers on a regularly scheduled basis, including statement and billing insertion, tax document and rate notice mailing, and mail service vendor management.
• Financial and Reporting Systems (OneStream) Cost-effective shared District resources for development, implementation, and data processing using OneStream, providing financial analysis for Farm Credit decision-making. Includes General Ledger reporting with transaction-level drill-through, key ICFR reports, District data reporting, and Financial Planning and Budget processing with 5-to-10-year forecasting, rolling forecast, and multiple scenario analysis.
• General Ledger Processing and Support (Infor) Infor-based mainframe processing and delivery of financial information for monitoring Farm Credit customer financial operations, including month-end, quarter-end, and year-end cycle processing with centralized maintenance of standard chart of accounts, cost-center structures, and reporting hierarchies.
• Loan Accounting Systems (Cornerstone) Cornerstone loan accounting system enabling Farm Credit customers to serve their retail customers. Includes credit line management, Related Services Systems (RSS), Bank Balancing (BB), Customer Commitments, Transaction Gathering (TG), Government Reporting (CTR), tax information returns (1098, 1099), and non-performing loan support.
• Data Integration and Reporting Data access through reporting databases, interfaces, stored procedures, and Web services for Farm Credit entities. Includes the Decision Support Database (DSdb) for monthly historical information and the Daily Database (DB) for daily information access.
• Endpoint Experience Full management of endpoint policy, applications, and device settings leveraging Microsoft Intune (Microsoft Endpoint Manager) for Farm Credit entities. Includes hardware procurement, imaging, deployment, software patching, mobile device management, conference room technology support, and 24/7 support.
• Infrastructure Support and Cloud Services Comprehensive a la carte support for Microsoft and Linux server infrastructures, messaging systems, desktop support, anti-virus, security services, and disaster recovery options for Farm Credit entities. Includes hosted cloud services, Premier Server Solutions, and VPN services.
• Security Services Managed cybersecurity services for Farm Credit entities including vCISO, Security Awareness Training, Security Operations (Cloud Security, DLP, Email Gateway, EDR, SIEM, Managed SOC), Mass Notification, Web Access Filtering, Vulnerability Scanning, Penetration Testing, and Identity and Access Management.

Quantifiable outcome

• Reduced customer costs and resources through centralized support services creating economies of scale

Named customers19 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• InforcoreTechnology or IntegrationInfor provides the general ledger system used by SunStream for mainframe processing and delivery of financial information. SunStream provides centralized maintenance of standard chart of accounts, cost-center structures, and reporting hierarchies.
• MicrosoftcoreTechnology or IntegrationMicrosoft technologies used include Microsoft Intune (Endpoint Manager) for endpoint management, Microsoft 365 for productivity and security (including Conditional Access Reviews), and Microsoft Purview for data governance.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• AgVantis: AgVantis is a Farm Credit System service corporation providing technology, software, and IT support to Farm Credit associations primarily in the AgFirst District. It is the closest structural analog to SunStream, serving the same niche under a similar cooperative service-corporation model.
• Computer Services, Inc. (CSI): CSI delivers managed IT, core banking, and regulatory compliance services to community banks and financial institutions, comparable to SunStream's managed-services-plus-software model for Farm Credit entities.

Broad incumbents

• FIS (Fidelity National Information Services): FIS is a global financial technology incumbent offering core banking, loan servicing, and back-office platforms. Its broad loan servicing and core accounting suites overlap with SunStream's Cornerstone-equivalent and GL capabilities, though FIS serves all of banking rather than specializing in Farm Credit.
• Fiserv: Fiserv provides core banking, loan origination, and financial institution technology at scale, including loan servicing and reporting systems that overlap SunStream's Cornerstone/OneStream stack. Notable overlap also given SunStream CPO Chad Peck's prior Fiserv tenure.
• Jack Henry & Associates: Jack Henry provides core banking, loan accounting, and IT services to community banks and credit unions. Its loan servicing and back-office solutions compete for the same back-office wallet SunStream addresses, though Jack Henry does not focus on Farm Credit-specific regulatory requirements.
• Finastra: Finastra offers core banking, lending, and reporting software used by banks worldwide. Its loan servicing and financial reporting capabilities are an alternative to SunStream's Cornerstone/OneStream environment for institutions modernizing away from mainframe systems.
• Temenos: Temenos provides core banking and loan servicing software to banks globally. Its cloud-native platform competes with SunStream's core accounting and loan systems for institutions seeking modern alternatives to mainframe-based back-office technology.
• SS&C Technologies: SS&C offers back-office financial services software including loan servicing, fund administration, and reporting. Its back-office and reporting capabilities overlap SunStream's OneStream-based financial reporting and loan accounting offerings.

Emerging players

• nCino: nCino provides cloud-native bank operating systems with strong loan origination and account opening capabilities. It represents a modern, cloud-first alternative that Farm Credit institutions could choose over SunStream's legacy stack during their next modernization cycle.
• Q2 Holdings (now part of Jack Henry): Q2 provides digital banking and financial institution software including reporting and back-office tools. Its cloud-native, data-driven platform overlaps SunStream's data integration and reporting services as a potential modern alternative.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sunstreamservices
• Xx.com/sunstreamsvcs
• Facebookfacebook.com/sunstreamservices

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SunStream Business Services