More NewsKorean Electronics Group Selects AvantGard Quantum

Korean Electronics Group Selects AvantGard Quantum

LG Electronics (LGE), a global provider of electronics, information and communications products based in Korea, has selected SunGard’s AvantGard-Quantum to manage its global treasury operations and the treasury operations of its 74 subsidiary companies across the globe. In seeking a treasury solution, LGE required a system that would provide core treasury functionality for its global operations including cash management and multi-currency capabilities. Mr. Byeong Il, Min, Manager of LGE’s International Finance Group, said: “Our vision at LGE is to consolidate our treasury operations and maintain Korea as our central operation with key regional treasury centres across the globe. These regional centres will be responsible for the treasury operations of our subsidiary companies in each region. This centralized structure will help improve our operational efficiencies and procedures, and reduce costs. Through the implementation of AvantGard we now have the capability to achieve this.”

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

3w 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

5m 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

5m 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