Anglo American standardises treasury ops with SunGard's AvantGard-Quantum

Anglo American standardises treasury ops with SunGard's AvantGard-Quantum

Anglo American has migrated its treasury operations in Johannesburg to SunGard Treasury Systems' AvantGard-Quantum platform.

AvantGard-Quantum is already in use at the firm's London operation. The new implementation provides 20 treasury department staff in Johannesburg with real-time access to company servers in London.

Grant Howell, vice president, treasury, Anglo American, says a major benefit is that there is already a configured database in London and the staff expertise that goes with that.

"It allows us to share consistent data, standardise operations between the two offices and benefit from a measurable cost savings from rationalising onto a single system," says Howell.

Implementation of the treasury system began in February 2003 and was completed in July.

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