SunGard has introduced Quantum Six, described by the software and IT services provider as “a highly intuitive, web-based treasury and risk management platform that leverages the latest in cloud technology.”
The company said that Quantum Six offers corporate treasurers an ergonomic design for enhanced usability and mobility as well as a fully enabled web platform to help reduce total cost of ownership.
According to SunGard: “Quantum Six offers sophisticated cash management, extensive analytics, and embedded risk modeling, all built on a platform designed for adaptability and mobility. As industry demands change, Quantum Six can adapt – from compliance and regulatory requirements to increased instrument coverage.”
Paul Bramwell, senior vice president of treasury solutions in SunGard’s corporate liquidity business added: “Inspired by the consumerisation of technology coupled with the challenges treasurers face around the world, Quantum Six is the product of a multi-year focused effort aimed to make the treasury solution easier to use, own and operate.
In close collaboration with the customer base, the project involved iterative input from a beta team as well as intensive testing side by side with the development team. This release is designed for ease of use and delivery whilst helping deliver performance and delivery improvements.”
Commenting on the launch, Enrico Camerinelli, analyst, Aite Group, said: “It is encouraging to see the evolution of a treasury management solution. Treasury departments are being forced to transform their treasury operations due to constantly changing regulatory environments, economic conditions, and entrance into new markets.
“Investments made in technology to help ensure treasury departments can stay ahead of the curve are key to their success.”
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
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