FLSmidth Chooses SunGard's Treasury Solution
FLSmidth & Co, a Danish total supplier of cement technology and equipment, has selected SunGard’s AvantGard for its central treasury operation in Copenhagen. AvantGard will provide integrated treasury and risk management and standard hedge accounting across the group. Rather than upgrade existing in-house systems FLSmidth & Co wanted an integrated treasury solution to help improve treasury and management reporting and compliance and control. FLSmidth & Co has selected SunGard’s AvantGard as its core treasury and risk reporting platform and also AvantGard-ETX to help provide secure real-time connectivity with one of its banks.