US petrol and foodstore retailer Racetrac Petroleum has selected SunGard’s AvantGard-ICMS to support domestic cash management, in-house banking, debt and investment and reporting needs for 525 retail stores throughout the south-eastern US. Racetrac, with annual revenue in excess of $3.2bn, selected AvantGard-ICMS to meet its current requirements and to accommodate continued company growth. Racetrac has already completed the first and second phases of implementation, which included cash management, G/L interface bank polling and parsing of accounts and reconciliation of individual store data at the summary level for such items as bank deposits, automated change orders and money orders. Phase three will include debt and investment portfolio and forecasting.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more