(Vocus) October 26, 2010
SunGard has launched a new version of its Ambit Treasury Management solution to help bank treasurers better manage their enterprise-wide risk management. The solution provides front- to back-office cash, liquidity and risk management functionality to help banks provide comprehensive services to their corporate clients. It also provides treasurers with an improved reporting platform that helps them respond to regulatory and marketplace changes in real-time. The solution integrates with SunGard’s IntelliMatch solution for reconciliation and exception management to provide a real-time view of intraday liquidity.
The treasury management function within banks has changed from simply managing operational cash flows and is now a strategic function responsible for managing enterprise-wide risk. SunGard’s Ambit Treasury Management solution helps treasurers forecast cash flows based on real-time data, and improve transparency through real-time risk and regulatory reporting. Providing up-to-date information helps treasurers rapidly analyze data and respond to regulatory changes and unforeseen events, while comprehensive asset-class coverage can help banks expand their client offerings. Integration with SunGard’s IntelliMatch solution also helps extend the treasurer’s view of intraday liquidity by feeding exceptions in real-time to provide greater visibility of funds available, helping to make faster cash management decisions. Ambit Treasury Management can be deployed on premise, or as a hosted or managed service.
Andrew Woods, vice president, product management for SunGard’s Ambit Treasury Management solution, said, “There is a pressing need for comprehensive, forward-looking measures that can help businesses mitigate risk and respond to aberrations in a timely manner. This has placed additional demands on bank treasurers. SunGard's Ambit Treasury Management has been enhanced to help treasurers meet these demands, ensure that policies and procedures are optimized and manage enterprise-related risk.”
SunGard's Ambit is a banking solution suite for retail, commercial and private banks. It provides banking professionals with solutions that support front-, middle- and back-office operations, as well as solutions for financial management, risk and performance. Ambit helps banks retain and acquire customers, improve staff efficiency and effectively measure and allocate their capital. For more information, visit http://www.sungard.com/ambit.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 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 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, please visit http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Ambit are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.