SunGard’s AvantGard Launches Treasury XE With Flexible Deployment Options Including SaaS Delivery
September 22, 2009 — New York, NY
SunGard today announced the availability of AvantGard Treasury Express Edition (XE), a Web-based treasury solution geared toward small to mid-sized treasuries with three deployment options: Software-as-a-Service (SaaS), hosted or installed. AvantGard Treasury XE complements the existing portfolio of enterprise treasury solutions offered by SunGard and provides more options to organizations that focus on the core treasury disciplines of cash management and foreign exchange.
AvantGard Treasury XE delivers support for cash management, foreign exchange (FX), in house banking, money markets and offers the option to expand usage to contemplate complex transactions. With connectivity to banks, market rate providers and other third parties AvantGard Treasury XE helps companies improve communication and data transparency. The solution also offers a treasury sub-ledger that can be exported to external enterprise resource planning (ERP) and accounting systems.
Erlend Asker, senior vice president, global treasury solutions for SunGard’s AvantGard business unit, said, “With the introduction of AvantGard Treasury XE, companies with small to mid-sized treasuries that focus on the core disciplines of cash management, foreign exchange and money markets can access the solution on a platform of their choice. Whereas previously, these organizations may have been forced into a particular platform or were simply using spreadsheets.”
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.
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
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