Johannesburg, South Africa- (PRWEB) October 19, 2011
AECI, a specialty product and services group of companies which provides value-adding solutions to customers through science, technology and industry knowledge, has selected SunGard’s AvantGard Treasury to help optimize the management of its treasury activities.
AvantGard will help AECI streamline its treasury business with full front-to-back office accounting and integrated modelling and analysis tools to help manage risk, maximize liquidity, and drive growth. AECI’s decision to select SunGard was influenced by the SunGard’s local support infrastructure, as well as the professional reputation that SunGard maintains in South Africa.
Trevor Starke, group treasurer, AECI, said, "Our incumbent technology couldn’t keep pace with the growth of our treasury operation and advanced risk mandate. We chose SunGard’s AvantGard to help us better manage our risk and stay on top of evolving compliance requirements.”
"As South African corporations continue to grow and experience global expansion, we are observing a need for the centralization and automation of treasury functions,” said John Tedder, regional director, Africa, SunGard’s AvantGard business unit. ”We currently support numerous organizations of different sizes and scale in the region, helping them automate processes from front-to-back, as well as implement best practices.”
About the AECI Group
AECI is a specialty product and services Group of companies which provides value-adding solutions to customers through science, technology and industry knowledge. The focus is on serving the mining and manufacturing sectors. The Company employs 6,800 people across its businesses which include AEL Mining Services (AEL), a cluster of specialty chemicals business units, Heartland and SANS Technical Fibers. AECI is listed on the JSE Limited.
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 technology services companies. SunGard has more than 20,000 employees and 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 of about $5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, please visit http://www.sungard.com.
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