Press Releases

SunGard's New Version of AvantGard Integrity Enhances Counterparty Risk, Bank Communications, Payment Processing and Regulatory Compliance Functionality

February 3, 2010 — London, UK

SunGard has announced a new release of its AvantGard Integrity treasury solution, helping customers drive best practices and straight-through processing related to counterparty risk, bank communications, payment processing and regulatory compliance.
 
The new version of SunGard’s AvantGard Integrity offers FAS 157 compliance with the ability to automate the tracking, reporting and accounting in accordance with the standard, providing:

  • Valuations based on credit risk adjustment for FX, debt, investments and derivative instruments.
  • Credit-adjusted valuations for entity and counterparty positions, including market valuations unadjusted and credit-adjusted valuations across netting agreements.
  • Full accounting based on FAS 157 rules, including option to post credit-adjusted valuation or the difference between the credit-adjusted valuation and the market valuation.

In addition, this latest release offers companies streamlined bank communication, with transaction processing and statement import with auditing and reporting capabilities. The new version of AvantGard Integrity also offers the ability to consolidate payment files to help reduce banking fees.
 
Customers of the new release of AvantGard Integrity will benefit from productivity and ease of use improvements, including support for handling large volumes of reconciliations, increased flexibility for automated reconciliations, functionality for bulk approvals and the ability to apply rules and priorities to bank transaction processing.

Erlend Asker, senior vice president, global treasury solutions for SunGard’s corporations business, said, “The enhancements included in the new version of AvantGard Integrity reflect our ongoing commitment to help our treasury customers provide greater client flexibility, improve standardization and facilitate better integration. With this release SunGard aims to improve the upgrade experience by offering a standardized approach with packaged migration tools. This will help our customers improve access to their banking partners and treatment of short-term cash, automate compliance processing and reduce costs around processing payment files.”
 
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 www.sungard.com/avantgard.

About SunGard
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.

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 435 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 six times.  For more information, please visit SunGard at 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.