OakVale Capital expands use of Sungard's AvantGard
01 May 2009 | 2485 views | 0
Oakvale Capital Limited, Australia's largest independent financial risk management firm, has expanded its use of SunGard's AvantGard by adding new treasury functionality, which will help to further enhance its debt management capabilities, to its existing treasury advisory and operational services. The extended solution will support Oakvale by helping to expand the breadth of financial services provided to its customers.
Oakvale has provided its customers with an online treasury management system, Acorn, since 2000. Acorn provides functionality and services ranging from deal capture and back-office processing to risk analysis and reporting. The tool is powered by SunGard's AvantGard treasury solution. By extending its use of the solution and its relationship with SunGard, who also host and manage the application, Oakvale has enhanced the functionality of Acorn in order to give customers improved tools for handling their treasury risk exposures, specifically management of their financial facilities.
Paul Travers, chief operating officer at Oakvale, said: "As a partner and customer of SunGard for years, we have always been pleased with the results that AvantGard has delivered to us. This latest expansion of our relationship and use of the AvantGard solution will help ensure that the Acorn treasury service continues to be a comprehensive state-of-the-art solution."
Andrew Woods, group vice president, global treasury solutions at SunGard's corporations business, commented: "Oakvale has been a trusted partner for many years and during that time its Acorn application has benefited from the evolution and enhancement of AvantGard's flexible treasury technology. We are pleased to support Oakvale as they take their treasury services offering to the next level."