Vancouver, British Columbia (Vocus) February 11, 2010
The University of British Columbia (UBC), which educates more than 50,000 students on campuses in Vancouver and Kelowna, will implement SunGard’s AvantGard Treasury solution for cash and risk management, as well as to facilitate its complex debt and investment activities.
AvantGard will provide real-time access to data, detailed reporting and improved visibility to cash and risk, to help UBC enhance strategic decision making. AvantGard Treasury will also assist UBC in managing its complex debt activities, in-house and with their banks.
Michael Shakespeare, managing assistant treasurer of the University of British Columbia, said, “Because of the diverse set of responsibilities within our treasury operation, we needed a solution that could provide more than just traditional cash management. We selected SunGard’s AvantGard Treasury because it includes tools for in-house banking risk analysis, debt and investments. We have also been pleased with the responsiveness and level of support provided by the SunGard staff.”
Erlend Asker, senior vice president, global treasury solutions for SunGard’s corporations business, said, “Treasuries today are increasingly taking on new roles, in areas such as complex investments and trade management, and as such are experiencing pressure to improve liquidity management. AvantGard offers real-time access to cash positions, helping treasurers make informed decisions on time-sensitive issues about debt and investments.”
About the University of British Columbia
The University of British Columbia is one of Canada's largest and most prestigious public research and teaching institutions. Located in the Pacific Rim gateway of Vancouver, one of the world's great cities, and in the Interior city of Kelowna, UBC is a global centre of research and learning. It offers more than 50,000 students a range of innovative undergraduate, graduate and professional programs in the arts, sciences, medicine, law, commerce and other faculties. UBC consistently attracts more than $450 million per year in research funding from government, non-profit organizations and industry through7,000 grants.
About SunGard’s AvantGard
SunGard’s AvantGard is a leading liquidity management solution for corporations, insurance companies and the public sector. AvantGard provides chief financial officers and treasurers with real-time visibility into cash flows and increased operational controls around receivables, treasury and payments. AvantGard helps companies drive free cash flow and reduce inefficiencies across the EcoSystem of suppliers, buyers, banks and other trading partners. For more information, visit http://www.sungard.com/avantgard.
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at http://www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
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