Oakvale Capital Limited, Australia’s largest independent financial risk management firm, has expanded its use of SunGard’s AvantGard by adding new investment management functionality to its existing treasury operations. The expanded solution will help Oakvale provide enhanced financial services to its customers.
Oakvale has provided its customers with an online treasury management system, Acorn, since 2000. Acornprovidesfunctionality and services ranging from deal capture and back-office processing to risk analysis and reporting. It is powered by SunGard’s AvantGard treasury solution, which hosts and manages the system for Oakvale. By expanding its use of AvantGard, Oakvale plans to further enhance the functionality of Acorn to give customers improved tools for handling their treasury risk exposures.
Paul Travers, chief operating officer at Oakvale, said: “As a partner and customer of SunGard for years, we have always been pleased with the results that AvantGard has delivered to us. This latest expansion of our relationship and use of the AvantGard solution will help ensure that the Acorn treasury service continues to be a comprehensive state-of-the-art solution.”
Andrew Woods, group vice president, global treasury solutions at SunGard’s corporations business, commented: “Oakvale has been a trusted partner for many years and during that time its Acorn application has benefited from the evolution and enhancement of AvantGard’s flexible treasury technology. We are pleased to support Oakvale as they take their treasury services offering to the next level.“
