17 October 2017

SunGard teams with SRC Software for BancWare Budgeting & Planning

13 November 2003  |  4428 views  |  0 SunGard teams with SRC Software for BancWare Budgeting & Planning

SunGard Trading and Risk Systems has launched BancWare Budgeting & Planning which combines budgeting, planning and reporting applications from Oregon-based SRC Software with its asset and liability management system, BancWare.

The product enables users to measure and communicate performance goals across the organisation, benchmark execution against strategic planning and proactively manage financial strategies.

Users can create and modify budgets in a decentralised way, helping to shorten the budget cycle, creating consistent revisions and offering the ability to interactively manage and project cost centre-level financial statements.

By creating financial assumptions and definitions between asset/liability management and accounting, the product helps clients improve data consistency within the enterprise. Customers can measure the effectiveness of their financial strategies and make decisions based on plan execution.

Terence Faherty, president of SunGard’s BancWare operating unit, says to improve the effectiveness of corporate strategies, firm are realising that they must move from manual, spreadsheet-based processes to automated, integrated systms that enable them to manage and measure performance across the organisation, at all levels.

"With BancWare Budgeting & Planning, SunGard is now able to offer banks a way to seamlessly integrate the budgeting and planning process at all levels of their organisation with margin forecasting, profitability and performance measurement, asset/liability management, and funds transfer pricing," says Faherty.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

SunGard delivers single-screen access to short-term instruments

SunGard delivers single-screen access to short-term instruments

12 November 2003  |  3189 views  |  0 comments
Rabobank rolls out SunGard's Credient MC2

Rabobank rolls out SunGard's Credient MC2

03 November 2003  |  4940 views  |  0 comments
Raft calls off takeover talks; signs new SunGard deal

Raft calls off takeover talks; signs new SunGard deal

28 October 2003  |  4450 views  |  0 comments
SunGard's profit rises in Q3

SunGard's profit rises in Q3

23 October 2003  |  3851 views  |  0 comments
Sampo Bank goes live with SunGard's Global Plus IC

Sampo Bank goes live with SunGard's Global Plus IC

21 October 2003  |  5201 views  |  0 comments
SunGard rounds out Step platform with intelliMatch

SunGard rounds out Step platform with intelliMatch

20 October 2003  |  6529 views  |  0 comments
SunGard to release German version of OmniPlus

SunGard to release German version of OmniPlus

15 October 2003  |  3720 views  |  0 comments
Anglo American standardises treasury ops with SunGard's AvantGard-Quantum

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

10 October 2003  |  4320 views  |  0 comments
SunGard acquires reconciliation source code rights from CheckFree

SunGard acquires reconciliation source code rights from CheckFree

06 October 2003  |  6023 views  |  0 comments
PNC licenses SunGard Bancware for balance sheet risk management

PNC licenses SunGard Bancware for balance sheet risk management

12 September 2003  |  4295 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.temenos.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14396 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13048 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
8950 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
7887 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7592 views comments | 13 tweets | 13 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job