Sungard Treasury Systems joins forces with Danske Bank
SunGard Treasury Systems and Danske Bank have announced a partnership to provide SunGard's customers with direct access, from their AvantGard treasury management systems, to Danske Bank's cash management services.
AvantGard-ETX helps corporations, in association with its exchange partners, to achieve an overall view of global cash positions in real time. The integration of the AvantGard-ETX secure messaging network and Danske Bank's significant range of cash management services will help treasurers in the Nordic region to achieve the efficiency of Internet-enabled straight-through processing for a range of payment and reporting services.
Peter Storgaard, head of global cash management at Danske Bank, said, "This relationship will help ensure that we are able to provide our mutual customers with an efficient and convenient method of accessing vital account data and cash management services. It will help ensure that their treasury needs are met both today and into the future."
AP Møller-Maersk, the largest corporate business in Denmark with 2003 net revenues in excess of DKK 157 billion ($27.7 billion), and a customer of Danske Bank, uses the AvantGard-Quantum treasury management system and has recently gone live with AvantGard-ETX to send electronic payment instructions directly to Danske Bank.