SunGard Strengthens AvantGard Quantum

SunGard has announced a new release of its AvantGard Quantum treasury solution. The new release provides enhanced international treasury capabilities including localization for the Chinese market. Advancements also include full support for non deliverable forward (NDF) foreign exchange contracts and

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SunGard has announced a new release of its AvantGard Quantum treasury solution. The new release provides enhanced international treasury capabilities including localization for the Chinese market. Advancements also include full support for non-deliverable forward (NDF) foreign exchange contracts and the ability to create a workflow for the real-time monitoring and dual approval of credit limit breaches. These enhancements support customer requirements for growth in international capabilities, particularly in China, and address evolving business and regulatory requirements regarding liquidity and credit risk.

Other enhancements in the new release of AvantGard Quantum include advancements in the core accounting and hedge accounting functionality, to help customers improve operational efficiencies, flexibility and analytical capability. Instrument coverage in AvantGard Quantum has been extended with the inclusion of double barrier FX options. Customers can now also benefit from the ability to adhere to a wide range of internal limits and policies with configurable workflows for the real-time monitoring and dual approval of limit breaches.

The 2010 treasury environment is one of significant market volatility, which for many corporations is perpetuating concerns about liquidity and credit risk, says Erlend Asker, senior vice president, global treasury solutions for SunGards corporations business. Companies need to continue to drive down costs and operational risk, while keeping focused on evolving regulatory and business requirements. Responding to customer and market demand, we created this next release of AvantGard Quantum to help companies take a holistic approach to cash and risk management, helping them capture international growth opportunities, manage credit and liquidity risks and increase efficiencies.

D.C.

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