ACA Capital and Tchibo Select AvantGard
SunGard has announced that New York-based ACA Capital Holdings, a specialized financial services company, has selected SunGard’s AvantGard for treasury and cash management. ACA Capital selected the treasury solution to automate its cash management process on account of AvantGard’s functionality and ease-of-use. It also selected AvantGard ETX, SunGard’s real-time messaging network that connects existing treasury management processes within an enterprise to those of third party systems, helping provide corporate customers secure and reliable straight-through processing. Meanwhile SunGard has also announced that Germany’s Tchibo Holding AG, a retail and consumer goods company, has selected SunGard’s AvantGard for its treasury centre in Hamburg.