US-based Navistar International Corporation, a leading producer of commercial trucks, school buses and mid-range diesel engines, has selected SunGard Treasury Systems’ AvantGard-ICMS for all aspects of cash management, debt and investment functionality. This includes support for interest rate and cross-currency swaps, general ledger interfacing and FAS 133 derivatives reporting. AvantGard will support one treasury centre in the US and two in Mexico. Mary Ellen Kummer, manager of cash operations at Navistar Financial Corporation, the company’s finance subsidiary, said: ‘We selected AvantGard in order to centralize our treasury operation onto a single application and database. In addition to providing global cash visibility, this will help us to streamline processes and achieve greater operational efficiency. Specific solution features that we like include its security and control, auditability for Sarbanes Oxley and FAS 133 derivatives accounting capabilities.’
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