Sungard Treasury Systems launches AvantGard GTM 8.0
SunGard Treasury Systems has announced the release of AvantGard-GTM 8.0 ? the product includes an interface and capabilities for derivatives accounting, interest rate processing, foreign exchange and cash management. The new version of AvantGard also debuts Status-based Security (SBS).
Corporations are tightening control as part of their ongoing compliance with Sarbanes-Oxley regulations and AvantGard-GTM, according to Sungard Treasury Systems, helps treasury operations to introduce greater control in the way they manage financial transactions. The product ties together user-defined transaction states and data access security to create intelligently self-securing financial transactions. This SBS feature allows the organization's management to specify which data fields will get "locked down" or "opened up" by the treasury department, as a financial transaction is advanced through its treasury management lifecycle by authorized users. It is common practice to secure different data elements like trade details, delivery instructions and accounting assignments at different points in the transaction lifecycle, and SBS helps the treasury organization to configure when and where this happens, and by whom.
?Status-based Security is configured centrally by the treasury organization and is applied consistently and automatically across all web, desktop and terminal services client deployments. This feature, as well as the other enhancements, supports a more efficient workflow and helps provide a treasury organization the ability to better maintain internal controls effectively and efficiently,? said Ken Dummitt, president, SunGard Treasury Systems.