Solutions

Bank Connectivity

One of the most fundamental treasury processes is balance and transaction reporting. It is also, theoretically, the easiest process to manage. The critical outcome of this process is the answer to the following question: "What are the corporation's balances in each of its bank accounts, and what activity has taken place over the last 24 hours?"

Simple. Right? This process is, in fact, the one that launched the treasury workstation industry. Communicate with your bank, or banks, ask for the balance / transaction information, parse it, G/L code it, and the job is done. Some treasury departments care only about the few accounts that they use for treasury purposes. Others reconcile several thousand accounts every day.

Treasury management, like most of the financial operations of a corporation can be viewed as a set of services and / or processes. Processes such as finding out how much cash is in bank accounts, consolidating cash among subsidiaries, and netting-off internal domestic and international invoices are some of the many tasks in a treasury manager's job. In multi-entity corporations these processes can be complex and time consuming, and they are strong candidates for automation.

Bank Account Consolidation / Reconciliation
Once a corporation is dealing with more than five banks it begins to make sense to look to a data aggregation service to collect and check the data. Often corporations just ask their bank to provide the aggregation services. Those corporations that focus heavily on process efficiency turn to independent technology suppliers to get the job done.

Bank Connectivity
SunGard AvantGard provides secure, real-time integration between SunGard's treasury management applications and the financial community for cash management services and execution services (trading, borrowing and investment). SunGard offers two options for corporate to bank connectivity.