SunGard has added a mobile trade authorization capability to the SunGard Global Network (SGN) Short-Term Cash Management portal.
The SGN mobile application helps treasurers improve their management of liquidity by facilitating the necessary trade approval on money market investments using a smartphone or tablet. SGN Short-Term Cash Management portal is a global compliance, trading and research solution for institutional cash investors.
Given the expedient nature of money market funds and short-term cash investments, it is crucial for treasurers to meet deadlines on trades that typically require two levels of authorization. The SGN Short-Term Cash Management portal's mobile, dual-authorization capability helps treasurers enhance liquidity by quickly partaking in investment opportunities within needed timeframes regardless of their location, while meeting the organization's security, audit and compliance requirements.
Bob Ward, chief operating officer of SunGard's wealth management business, said, "Adding mobility to the management and authorization of trades increases processing and workflow flexibility. Expanding SGN's Web-based dual-control capability to the mobile channel will help treasurers capitalize on opportunities, improve efficiency, and improve transparency around trade workflows."