SunGard seals cash management deal with ABN Amro; signs Securities America to PlanningStation
30 April 2003 | 4105 views | 0
SunGard Treasury Systems is to connect its eTreasury eXchange (eTX) secure messaging network with ABN Amro's GlobalGateway to provide corporate users with direct access to the bank's cash management services.
Under the arrangement, SunGard eTX clients will be able to access ABN Amro's services from their treasury management systems. The bank's GlobalGateway delivers a range of cash management services from its global network of branches and subsidiaries including LaSalle Bank, Standard Federal and Banco Real, as well as integrated services from its partner banks.
John Gibbons, global head of sales, ABN Amro, working capital, comments: "Given the strong overlap of our client base, this relationship will ensure that we are providing our clients with the most convenient and efficient access to manage their treasury needs today and into the future."
Gibbons says the alliance provides solutions that directly address the need for secure access and straight-through processing (STP) and the bank has already received strong response to the service across all regions.
SunGard Treasury Systems says the deal will provide both its clients and those of ABN Amro with integrated services that will eliminate disparate, manual steps in the treasury management process. Ken Dummitt, president, SunGard Treasury Systems, adds that the agreement is a cornerstone in the expansion of the SunGard Transaction Network (STN) and eTX.
Separately, independent broker dealer Securities America is to roll out the SunGard PlanningStation to help its representatives develop, present and implement financial plans.
The Web-based interactive financial planning workstation provides single-issue goal-based planning as well as comprehensive cash flow planning, covering more than twenty financial concepts.
PlanningStation will enable representatives to compare scenarios, create 'what-if' models based on client portfolio data and perform complex asset allocation with Monte Carlo simulation. Users will also be able to create presentations to explain financial concepts and models to clients.
The system will also feature SunGard's integrated rule-base engine, Synapse, which allows representatives to perform advanced product profilling in order to identify cross-selling opportunities.
Securities America will also integrate its existing client portfolio and tax lot data from its portfolio management system into PlanningStation and will release the integrated suite of products at its national conference in June.
The broker has been using SunGard technology for contact and portfolio management since 1999.