More NewsBritish Airways Expands Use of SunGard’s AvantGard Treasury

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.”

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

3w 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

5m 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

5m 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