SunGard has enhanced its AvantGard Quantum treasury solution with international treasury capabilities including localisation for the Chinese market. Advancements also include full support for non-deliverable forward (NDF) foreign exchange (FX) contracts and the ability to create a workflow for the real-time monitoring and dual approval of credit limit breaches. These enhancements support customer requirements for growth in international capabilities, particularly in China, and address evolving business and regulatory requirements regarding liquidity and credit risk.
Other enhancements in the latest release include advancements in the core accounting and hedge accounting functionality, to help customers improve operational efficiencies, flexibility and analytical capability. Instrument coverage in AvantGard Quantum has been extended with the inclusion of double barrier FX options. Customers can now also benefit from the ability to adhere to a wide range of internal limits and policies with configurable workflows for the real-time monitoring and dual approval of limit breaches.
Erlend Asker, senior vice president, global treasury solutions for SunGard’s corporations business, said: “The 2010 treasury environment is one of significant market volatility, which for many corporations is perpetuating concerns about liquidity and credit risk. Companies need to continue to drive down costs and operational risk, while keeping focused on evolving regulatory and business requirements. Responding to customer and market demand, we created this next release of AvantGard Quantum to help companies take a holistic approach to cash and risk management, helping them capture international growth opportunities, manage credit and liquidity risks and increase efficiencies.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.