The Royal Bank of Scotland’s (RBS) Agency Treasury Services has announced that it has introduced technology provided by SunGard Treasury Systems, an operating group of SunGard, designed to help manage the diverse Treasury operations of large enterprises and banks.
SunGard Treasury Systems has provided RBS with a range of Treasury, Risk and Cash Management software. The software provides the capability of managing multiple business entities and operations on a single database platform, whilst at the same time allowing flexibility in terms of business workflow and client access. SunGard Treasury Systems has also provided professional services support, and knowledge transfer to assist RBS staff in getting operational value from the system as quickly as possible. As part of the contract SunGard Treasury Systems provides regular support to ensure rapid take-on of new RBS Agency customers.
Tom Roche, Head of the Agency Treasury business at RBS said: “This partnership with SunGard enables RBS to tap into the technology capability and to provide a technology solution to our expanding client base. The combination of market leading technology and RBS’s undisputed reputation for innovative business solutions, service delivery and customer care gives us a tremendous opportunity for driving business growth, as well as a strong operational base for the service delivery.”
Martin Boyd, Managing Director of SunGard Treasury Systems’ European business added: “The business needs of the market continue to evolve, and RBS is well-positioned to take on capacity and it was important for SunGard to be in at the growth end of a market trend in Outsourcing treasury services. We have worked with the RBS agency team to provide a range of innovative trading, cash management and performance measurement solutions that will enable RBS to be on its customers’ desktop when needed.”
Ian Hackeson, responsible for integrating technology into the developing Agency business needs, commented; “It was absolutely crucial that our partner was on-board from day one and in this case we were reliant on SunGard delivering to our in-house project team. This really shows how close management of a project team can deliver real value quickly to the business.”