More NewsToyota Financial Services Expands Use of AvantGard Treasury Solution

Toyota Financial Services Expands Use of AvantGard Treasury Solution

Toyota Financial Services, the finance arm of the car manufacturer, is expanding its use of SunGard’s AvantGard solution to include additional global treasury operations. Toyota Financial Services initially selected SunGard’s AvantGard Treasuryin 2002 to help automate previously manual processes, and to support the increasing growth and complexity of its treasury.

Today, Toyota Financial Services uses AvantGard Treasury to help improve data integrity, create complex reports, establish audit and security controls, and free skilled treasury staff from time-consuming manual tasks. The company first implemented AvantGard in its UK operation and then added the Netherlands, Germany, Italy and South Africa. Current plans include bringing parts of Asia onto the common platform. AvantGard Treasury has been configured to meet the local requirements of each location, while serving as a single, unified, global treasury platform. The solution has also helped Toyota Financial Services handle a wide range of financial instruments and respond more quickly to fluctuations in the market.

Richard Nelson, European funding manager, Toyota Financial Services, said: “When we implemented AvantGard Treasury in 2002, we had a vision of what we wanted treasury to look like in the coming years, which included introducing improved straight-though processing into our operations and systems. Expanding the solution to our treasury locations globally has been a big part of achieving this vision. SunGard’s AvantGard helps us tailor certain functionality by country, while at the same time affords us the advantage of leveraging a single treasury platform.”

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

4w 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

6m 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

6m 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