|SunGard's AvantGard-Quantum Selected by Chartered for the Automation of its Group Treasury Operations|
Tuesday November 9, 4:30 pm ET
SINGAPORE--(BUSINESS WIRE)--Nov. 9, 2004--SunGard Asia Pacific, an operating unit of SunGard (NYSE:SDS), today announced that Chartered Semiconductor Manufacturing, one of the world's top three dedicated semiconductor foundries, has selected the Company's AvantGard-Quantum software to support its treasury function. Chartered will utilize AvantGard-Quantum to monitor cash positions, foreign-exchange and interest rates exposure as well as enable flexible forecasting.
"We are pleased to leverage AvantGard-Quantum to support the streamlining of our treasury function," said George Thomas, vice president and chief financial officer of Chartered. "Implementing AvantGard-Quantum automates Chartered's interfaces with various banking services. This gives us the ability to view financial data movements as they are reported."
John Wilson, president, SunGard Asia Pacific, said, "Treasury operators across the region are looking for a leading global solution that caters for effective treasury and cash management. SunGard's AvantGard-Quantum is a proven global solution and one of the most widely used in the Asia Pacific region. We have the solution, the functionality and the local expertise to support our customers."