SunGard is set to launch on Sept. 22 a cloud-based, treasury-on-demand product for companies with up to $2 billion in revenue. The new AvantGard Treasury XE aims to deliver support for cash management, foreign exchange, in-house banking, money markets and other transactions to middle-market companies, a new market segment for the treasury software provider.
About The Author
Maria Korolov is editor and publisher of Hypergrid Business. She has been a journalist for more than twenty years and has worked for the Chicago Tribune, Reuters, and Computerworld and has reported from over a dozen countries, including Russia and China.
Treasury departments where manual processes are still prevalent are struggling with getting timely information on accounts receivable, according to a recent report from Boston consultancy…