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Toyota Financial Services Expands Use of SunGard s AvantGard Treasury Solution Globally
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Toyota monetary Services, the finance arm using the world s greatest car manufacturer, is expanding its utilization of SunGard s AvantGard method to include additional worldwide treasury operations. Toyota monetary companies at first chosen SunGard s AvantGard Treasury in 2002 to support automate previously guide processes, as well as to service the developing development and complexity of its treasury.
Today, Toyota monetary companies utilizes AvantGard Treasury to support greatly enhance information integrity, create complex reports, fixed up audit and protection controls, and zero cost expert treasury personnel from time-consuming guide tasks. The firm preliminary accomplished AvantGard in its british procedure and be in a position to additional the Netherlands, Germany, Italy and to the south Africa. constant methods include bringing elements of Asia on to the popular platform. AvantGard Treasury proceeds to be configured to fulfill the neighborhood needs of every single location, even however serving being a single, unified, worldwide treasury platform. The method has also aided Toyota monetary companies take treatment of a significant assortment of monetary instruments and react additional swiftly to fluctuations within market.
Richard Nelson, European funding manager, Toyota monetary Services, said, When we accomplished AvantGard Treasury in 2002, we experienced a eyesight of what we desired treasury to seem like within arriving years, which included introducing improved straight-though digesting (STP) into our procedures and systems. Expanding the method to our treasury places globally proceeds to be a huge area of achieving this vision. SunGard s AvantGard assists us tailor unique performance by country, even however in the specific same time affords us the benefit of leveraging only one treasury platform.
Paul Bramwell, senior vice president of treasury options for SunGard s company Liquidity business, said, Many worldwide businesses with treasuries that operate regionally are challenged by inconsistent information and reporting formats, disparate techniques and an incapacity to obtain an overarching seem at of positions. SunGard s AvantGard Treasury assists companies, like Toyota monetary Services, additional readily consolidate and aggregate disparate information and pinpoint worldwide income positions for outstanding decision-making. A popular treasury system also assists treasurers obtain real-time accessibility to information including a total seem at of income flowing all through the broader organization, regardless of how broadly dispersed the procedures may probably be.
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