Denmark's DFDS Selects AvantGard for Treasury and Cash Management
DFDS A/S, a North European liner shipping company, has selected AvantGard to support its treasury and cash management requirements across its Northern European business activities. The emphasis is on cash management and liquidity forecasting for its central treasury operation based in Copenhagen. AvantGard is a treasury and risk management solution suite offering Internet/intranet-based currency and commodity trading and risk management, cash management and accounting within a single environment. Key considerations in DFDS’s decision were the open platform architecture of AvantGard-Integrity, its connectivity with banking software, global reporting tool and deployment flexibility to collect cash liquidity forecasting.