SunGard is offering foreign exchange (FX) exposure monitoring as part of its strategy to deliver value-added services to new and existing customers in the corporate commercial ecosystem. SunGards AvantGard FX Management is using FiREapps, a provider of on-demand FX exposure management solutions, to help corporations manage their FX risk, reduce costs and increase profits through optimized FX processes.
Movements in foreign currency markets can substantially impact revenue, income and earnings, resulting in economic risk to corporate value. To manage this risk effectively, organizations require up-to-date enterprise-wide views of FX exposure. With SunGards AvantGard FX Management, customers can leverage a Web-based FX exposure management platform that helps them cut costs and reduce economic risk related to FX exposure. SunGards AvantGard customers will have the full scope of functionality from FiREapps while maintaining one line of support via their SunGard relationship.
SunGards AvantGard and FiREapps are key components of our treasury operations, says Google treasurer Brent Calinicos in a recent Web conference event on Treasury and FX Exposure Management. With these systems in place, were much better off from a decision-making standpoint. We get better data, more quickly. In this market thats not just a nice to haveyouve got to have it. On all the measures we had around each of the systems, they have paid for themselves multiple times over in a very short period of time.
D.C.