SunGard today announced that AvantGard, its liquidity management solution for corporations, financial institutions and the public sector, has been awarded the SWIFTReady for Corporates-Treasury and Cash Management labels.
The labels are available to business applications that are capable of processing and exchanging treasury management related messages, such as treasury payments and treasury deal confirmations, over SWIFT, as well as processing and exchanging cash management flows.
"The world of corporate treasurers has undergone significant changes over the last few years. An ever more competitive, global and regulated industry is forcing treasurers to rethink the way they operate," commented Freddy Nurski, senior marketing manager at SWIFT. "To do this, they need to respond to several challenges - such as improving efficiency, reducing operational risk and complying with an ever stricter regulatory framework. SunGard is helping to address these challenges by providing treasurers with solutions that help improve efficiency, control and connectivity."
To qualify for both the SWIFTReady labels, solutions must be able to process information in a meaningful way, typically supporting automated information flows and STP, as well as demonstrating the ability to process SWIFT standards. Vendors must also be able to demonstrate a commitment to supporting integration with SWIFT interfaces.
"Corporations are embracing connectivity and collaboration as a core strategy. The challenge that arises from the use of disparate systems, platforms and communications standards has generated a demand for solutions that can aggregate data and facilitate connectivity to multiple channels," commented Ken Dummitt, president of SunGard's corporates and treasury business. "The SWIFTReady for Corporates-Treasury and Cash Management accreditations are part of our overall commitment to delivering innovative solutions that help our customers to increase efficiency and decrease costs, while at the same time delivering improved visibility of cash and risk across the entire enterprise."