Norwegian-based packaging firm, Elopak, has licensed SunGard’s AvantGard-Quantum and AvantGard-ETX for its European treasury operations. AG-Quantum will be used at the group’s treasury headquarters in Zurich to manage the group’s treasury transactions, global cash position and reporting requirements. Commenting on the announcement, Petter Haug, group treasurer at Elopak, said: ‘The multilateral netting, cash reporting and cash forecasting capabilities will add significant value to our organization.’
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.