More NewsShipping Giant Employs AvantGard for Treasury and Risk Management

Shipping Giant Employs AvantGard for Treasury and Risk Management

AP Møller-Maersk, the largest corporate in Denmark with 2003 net revenues in excess of DKr157bn, has launched the first phase of SunGard’s AvantGard technology for treasury and risk management. The solution was chosen to give Maersk straight-through processing and direct connectivity to banks. It will next implement the system’s IAS 39 module. Maersk decided to search for a third party solution rather than upgrade its existing legacy system, and selected AvantGard, including AvantGard-Quantum as its core treasury platform, AvantGard-Risk for risk management and AvantGard-eTX for secure real-time connectivity with the banks. Torben Winther, Maersk’s director of treasury management, said: ‘We have just gone live on the first phase of implementing AvantGard, which includes risk management, transaction workflows, cash management and SunGard’s AvantGard-eTX. Already we have seen tremendous benefits in terms of smooth business process and tight integration across the operation.’

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

4w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

6m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

6m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha