New York, NY (PRWEB) January 04, 2012
SunGard conducted a study with 100 treasury professionals at the 2011 AFP Annual conference in Boston, which revealed that thirty-one percent identified gaining a holistic view of risk as the top priority for corporate treasurers. Twenty-seven percent believed that streamlining bank communications was the highest priority, while twenty-one percent felt that consolidating payment flows was most significant.
SunGard has observed a transformation in treasury as the role of treasury professionals expand beyond cash management to these key areas. To help address these complex activities, SunGard provides technology that helps corporations manage risk, bank communications and payments for improved liquidity management.
Craig Martin, executive director of AFP’s Corporate Treasurers Council, said, “As was highlighted in our ‘Strategic Role of Treasury’ survey released at our annual conference, we have seen the role of the corporate treasurer transform over the past few years and become more strategic due to the global economy, the regulatory environment, and new innovations in technology. Corporate treasurers are responsible for protecting the liquidity and managing the risk across the organization, putting them in a position to impact their company’s ability to remain competitive and grow. With the right tools in place, corporate treasurers are able to be strategic and accurately forecast their cash, understand their risk exposures, and help increase their company’s liquidity.”
Paul Bramwell, senior vice president, treasury solutions, at SunGard’s AvantGard business unit, said, “Best-practice organizations are implementing treasury technology to help corporate treasurers better determine and manage their financial risk. Corporate treasurers are also looking for more services to be delivered through the bank communication channel including electronic bank account management (eBAM). In order to help meet this requirement, SWIFT has selected SunGard for its eBAM Central Utility Pilot to help corporations achieve straight-through-processing of eBAM messages. With bank connectivity streamlined, corporations are now also looking internally to payment initiation systems and greater demand for standards and integration with treasury and bank systems.”
About SunGard’s AvantGard
SunGard’s AvantGard is a leading liquidity and risk management solution for corporations, insurance companies and the public sector. The AvantGard solution suite includes credit risk modeling, collections management, treasury risk analysis, cash management, payments system integration, and payments execution delivered directly to corporations or via banking partners. AvantGard solutions help consolidate data from multiple in-house systems, drive workflow and provide connectivity to a broad range of trading partners including banks, SWIFT, credit data providers, FX platforms, money markets, and market data. The technology is supported by a full range of services delivered by domain experts including managed cloud services, treasury operations management, SWIFT administration, managed bank connectivity, bank on-boarding, and vendor enrollment. 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 over 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, 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, visit http://www.sungard.com.
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