Eskom, a South African electricity supplier, has chosen SunGard’s AvantGard solution for treasury management. Eskom will use AvantGard to help manage the front- to back-office operations of its treasury business for integrated cash, accounting and risk management. The utility will use AvantGard for deal capture and real-time cash flow management, which will help to increase operational controls around treasury and better manage the risk inherent across these operations. It selected the solution to replace several disparate systems, providing an integrated solution across a single platform. With 50 users across the organisation, Eskom will be able to enhance a broad scope of functions not only in its central treasury but also across other business units. Caroline Henry, head of treasury at Eskom, said: “Our key objective in this project is to improve connectivity, straight-through processing and compliance. In choosing SunGard’s AvantGard we have selected a system that will address multiple needs in a single-vendor environment.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
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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
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