Elopak Chooses SunGard’s AvantGard for STP

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.’

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