Heritage Building Society Selects SunGard for Treasury Requirements
Heritage Building Society (Heritage), Australia’s largest building society, has selected SunGard’s AvantGard for its treasury requirements. AvantGard-Quantum and AvantGard-Risk will be implemented at Heritage’s head office in Toowoomba, Queensland. AvantGard-Quantum will help Heritage to consolidate and streamline its treasury management operations. In addition, AvantGard-Quantum’s hedge accounting functionality will help Heritage to comply with the new international accounting standard (IAS 39) that came into effect in 2005.