Bayerische Landesbank Automates Order Management
SunGard’s Front Capital Systems has announced that Bayerische Landesbank has extended Front Arena, a straight-through processing product, to its international institutional sales business. The implementation helped BayernLB to enhance efficiency and realize cost savings, while enabling it to meet a tight mandatory deadline. The entire project from due diligence, delivery and installation, was completed in just 10 weeks-on time and under budget. BayernLB had a balance sheet of EUR 331.4 billion as of June 31, 2004.