SunGard has launched AvantGard Treasury Express Edition (XE), a web-based treasury solution geared toward small and mid-sized treasuries with three deployment options: software-as-a-service (SaaS), hosted or installed. Treasury XE provides greater options to organisations that focus on the core treasury disciplines of cash management and foreign exchange (FX).
Treasury XE delivers support for cash management, FX, in-house banking, and money markets, and offers the option to expand usage to contemplate complex transactions. With connectivity to banks, market rate providers and other third parties, Treasury XE helps companies improve communication and data transparency. The solution also offers a treasury sub-ledger that can be exported to external enterprise resource planning (ERP) and accounting systems.
Erlend Asker, senior vice president, global treasury solutions for SunGard’s AvantGard business unit, said: “With the introduction of AvantGard Treasury XE, companies with small to mid-sized treasuries that focus on the core disciplines of cash management, foreign exchange and money markets can access the solution on a platform of their choice. Whereas previously, these organisations may have been forced into a particular platform, or were simply using spreadsheets.”
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