Tokyo, Japan (PRWEB) October 23, 2012
A SunGard study on corporate treasury management practices in Japan has found an opportunity to help corporations leapfrog over their competitors by enhancing their approach to cash management and risk management with treasury technology.
Japan is the world’s third largest economy by GDP with a historically strong domestic financial services industry. However, Japanese companies have recently faced the combined challenges of depressed demand and inflationary pricing pressure created by the global economic downturn. High levels of government debt and credit downgrades have increased the cost of borrowing, focusing attention on corporate liquidity and the importance of efficient cash management.
The key findings of the study are discussed in a series of five articles recently released by SunGard:
Yohjiroh Yanagi, vice president of corporate liquidity, SunGard’s AvantGard Japan, said, “The results of this survey demonstrate that forward-thinking Japanese corporations are looking to gain a competitive advantage by enhancing their use of treasury technology to manage FX and credit risk. They are also migrating away from spread sheets to reduce the time required to gain visibility into their cash position.”
The study included 70 corporate treasurers at firms headquartered in Japan. More than 1,100 companies around the world, and 150 companies in the Asia/Pacific region, rely on AvantGard Treasury solutions.
About SunGard’s AvantGard
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, including managed cloud services, treasury operations management, SWIFT administration, managed bank connectivity, bank on-boarding, and vendor enrollment, and is delivered by a team of domain experts. 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 17,000 employees and serves approximately 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 $4.5 billion, SunGard is the largest privately held software and services company and is ranked 480 on the Fortune 500. For more information, please visit http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo and AvantGard 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.