SunGard today announced that DFDS A/S of Denmark has selected SunGard's AvantGard for its central treasury operation based in Copenhagen.
DFDS is a leading North European liner shipping company. AvantGard is a leading treasury and risk management solution suite offering Internet/intranet-based currency and commodity trading and risk management, cash management and accounting within a single environment. DFDS selected AvantGard to support its treasury and cash management requirements across its Northern European business activities, with emphasis on cash management and liquidity forecasting.
DFDS selected SunGard's AvantGard-Integrity based on the solution's ability to deliver the best fit to the company's requirements and provide on-going flexibility. Key considerations in the decision were the open platform architecture of AvantGard-Integrity, its connectivity with banking software, flexible global reporting tool and deployment flexibility to collect cash liquidity forecasting.
Martin Boyd, executive vice president, EMEA, of SunGard's AvantGard business unit, said, "DFDS sought a flexible treasury system to meet its changing treasury needs and we are pleased to act as its technology partner as it moves forward. SunGard's AvantGard works closely with a number of customers in the shipping and transport industry in Europe and we will be able to bring this valuable understanding to the DFDS project."