Adaptiv will be linked to SunGardâs AvantGard GTM treasury solution, already in place in Bayerâs treasury operation, providing integrated risk management, trading, in-house banking and cash management. SunGardâs MINT solution will provide the messaging structure between Adaptiv and AvantGard. Bayerâs choice of SunGard across its treasury operation helps to deliver operational value to the business, as well as exceptional flexibility in meeting new business strategies.
Adaptiv will allow Bayer to analyze trading strategies and trading limits and incorporate real-time market data feeds for on-demand reporting. This will provide data for senior management regarding performance and provide Web-based reporting as part of Bayerâs Treasury Portal â an intranet-based solution for distributing financial data within the company.
Alexander Burck, Bayerâs head of corporate financial controlling, said, "We were looking for a risk management and trade entry system across a wide range of asset classes that could fit well with our current SunGard treasury system. SunGard was very attractive as a single supplier that could offer straight-through processing, helping us to improve efficiency and integrate our treasury and cash management operations."
Jim Ashton, chief executive officer of SunGardâs treasury and risk management groups, said, "Large corporate treasuries are looking to streamline operations by moving to fewer systems and fewer suppliers. SunGard has the integrated solutions to enable corporations to meet this goal. By working with SunGard, Bayer will have an integrated trading, risk management and treasury solution across all the asset classes its operation uses."