SunGard is set to launch on Sept. 22 a cloud-based, treasury-on-demand product for companies with up to $2 billion in revenue.
The new AvantGard Treasury XE aims to deliver support for cash management, foreign exchange, in-house banking, money markets and other transactions to middle-market companies, a new market segment for the treasury software provider.
“We're talking about addressing treasuries with two to five users, and two to four bank relationships,” says Erlend Asker, SunGard's senior vice president for treasury solutions. The product will particularly appeal to companies that currently use spreadsheets to manage treasury processes and want a system that provides more compliance functionality, he says. For example, Treasury XE segregates functions by job roles and creates an auditable trail of any changes made to data.
The product will now be available in a software-as-a-service (SaaS) delivery channel, with a subscription-based pricing model. AvantGard Treasury XE runs on SunGard's Infinity cloud platform. The SaaS model is multi-tenanted, which means that there might be multiple clients sharing the same infrastructure.
Customers looking for more control or higher security can opt to use the product through one of the traditional alternatives–as software that is installed at the company, or as hosted software run on a dedicated machine at SunGard facilities.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
