Perth, Australia (Vocus) April 29, 2009
Oakvale Capital Limited, Australia's largest independent financial risk management firm, has expanded its use of SunGard's AvantGard by adding new investment management functionality to its existing treasury operations. The expanded solution will help Oakvale provide enhanced financial services to its customers.
Oakvale has provided its customers with an online treasury management system, Acorn, since 2000. Acorn provides functionality and services ranging from deal capture and back-office processing to risk analysis and reporting. It is powered by SunGard's AvantGard treasury solution, which hosts and manages the system for Oakvale. By expanding its use of AvantGard, Oakvale plans to further enhance the functionality of Acorn to give customers improved tools for handling their treasury risk exposures.
Paul Travers, chief operating officer at Oakvale, said: "As a partner and customer of SunGard for years, we have always been pleased with the results that AvantGard has delivered to us. This latest expansion of our relationship and use of the AvantGard solution will help ensure that the Acorn treasury service continues to be a comprehensive state-of-the-art solution."
Ken Dummitt, president of SunGard's corporations business, commented: "Oakvale has been a trusted partner for many years and during that time its Acorn application has benefited from the evolution and enhancement of AvantGard's flexible treasury technology. We are pleased to support Oakvale as they take their treasury services offering to the next level."
Oakvale is Australia's largest independent financial risk management firm, with more than 19 years experience providing organizations with independent professional services to assist corporate treasurers, finance executives and company directors. Oakvale assists clients to manage more than $70 billion in exposures including approximately $3.5 billion in discretionary funds management.
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, including the world's 25 largest financial services companies.
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 472 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 five times. For more information, please visit SunGard at http://www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.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.
For more information, please contact:
Toby West, PR & Communications Manager
SunGard Financial Systems
Tel: +44 (0) 20 8081 2426