17.02.2005 22:31:00
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SunGard's AvantGard Selected by Caterpillar Inc.
Business Editors/Technology Writers
CALABASAS, Calif.--(BUSINESS WIRE)--Feb. 17, 2005--SunGard Treasury Systems, an operating group of SunGard (NYSE:SDS), today announced that Caterpillar Inc. has selected the AvantGard suite of solutions from SunGard to support its global treasury operations and will implement the solution using 6 Sigma methodology.
Caterpillar will use several modules of AvantGard-GTM 8.0, including Cash Management and Forecasting, Multi-Lateral Netting, Bank Relationship Management, Advanced Risk Analysis, and Accounting. The total SunGard solution will consolidate different financial systems onto a single global, integrated platform for use in global treasury operations.
"SunGard Treasury Systems has focused a great deal of resources on AG-GTM 8.0 over the past year to support the treasury investment of our clients and prospects who seek this comprehensive solution," said Ken Dummitt, president of SunGard Treasury Systems. "We are excited that Cat has chosen SunGard as its treasury technology platform, and that it will be using a proven methodology to help effect a successful implementation," he said.
About SunGard Treasury Systems
SunGard Treasury Systems is a leading provider of treasury and risk management solutions. SunGard solutions offer Internet/intranet-based currency and commodity trading and risk management, while also integrating cash management and accounting functionality within a single environment. SunGard solutions provide a secure, real-time link between clients/subscribers and financial institutions and other treasury service providers, offering the straight through processing of treasury transactions and information via Internet messaging. For more information, visit www.treasury.sungard.com.
About SunGard
SunGard is a global leader in integrated software and processing solutions, primarily for financial services. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 20,000 customers in more than 50 countries, including the world's 50 largest financial services companies. SunGard (NYSE:SDS) is a member of the S&P 500 and has annual revenue of $3 billion. Visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo and AvantGard are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
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CONTACT: SunGard Treasury Systems Kim Kavanagh, 818-223-2269 Fax: 818-223-2301 Kim.Kavanagh@sungard.com
KEYWORD: CALIFORNIA PENNSYLVANIA INDUSTRY KEYWORD: BANKING SOFTWARE INTERNET E-COMMERCE MARKETING AGREEMENTS SOURCE: SunGard
Copyright Business Wire 2005
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