British Airways Expands Use of SunGard's AvantGard Treasury
British Airways, a UK airline, will expand its use of AvantGard Treasury for the UK, Europe and North America. It will roll out the cash management solution across the Middle East, Africa, Asia and Latin America including its regional hubs in Hong Kong, Delhi, Johannesburg and Sao Paolo. Once fully implemented worldwide, British Airways will benefit from an enhanced view of its treasury, cash and risk both on a regional and global basis.
Having first partnered with SunGard 12 years ago for treasury and risk management, British Airways made the decision to streamline its cash management process by expanding its use of AvantGard Treasury to introduce greater integration and automation to cash management and forecasting, globally.
Mike Maybury, cash manager, group treasury for British Airways, said: “We chose SunGard’s AvantGard to support our global treasury operation and to automate our cashflow forecasting. AvantGard will facilitate effective local cash management at our regional hubs via improved visibility and control of their cash positions, while also delivering to central Treasury consolidated views of cash flows and currency exposures worldwide.”