Press Releases
SunGard Enhances AvantGard Quantum with Expanded Instrument Coverage, Risk Management and International Capabilities
February 3, 2010 — London, UK
SunGard has announced a new release of its AvantGard Quantum treasury solution. The new release provides enhanced international treasury capabilities including localization for the Chinese market. Advancements also include full support for non-deliverable forward (NDF) foreign exchange contracts and the ability to create a workflow for the real-time monitoring and dual approval of credit limit breaches. These enhancements support customer requirements for growth in international capabilities, particularly in China, and address evolving business and regulatory requirements regarding liquidity and credit risk.
Other enhancements in the new release of AvantGard Quantum include advancements in the core accounting and hedge accounting functionality, to help customers improve operational efficiencies, flexibility and analytical capability. Instrument coverage in AvantGard Quantum has been extended with the inclusion of double barrier FX options. Customers can now also benefit from the ability to adhere to a wide range of internal limits and policies with configurable workflows for the real-time monitoring and dual approval of limit breaches.
Erlend Asker, senior vice president, global treasury solutions for SunGard’s corporations business, said, “The 2010 treasury environment is one of significant market volatility, which for many corporations is perpetuating concerns about liquidity and credit risk. Companies need to continue to drive down costs and operational risk, while keeping focused on evolving regulatory and business requirements. Responding to customer and market demand, we created this next release of AvantGard Quantum to help companies take a holistic approach to cash and risk management, helping them capture international growth opportunities, manage credit and liquidity risks and increase efficiencies.”
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.