eTreasury.com is an Internet-based treasury management service designed for mid_tier corporations and government agencies, allowing access to sophisticated treasury functionality traditionally only available to major corporations. Launched in July 2000, eTreasury.com provides subscribers with the automatic daily aggregation of multiple bank cash management information for cash positioning, transaction reconciliation and executive reporting.
"eTreasury.com leverages the proven technology of our eTreasury solutions that we have been licensing to our Global 2000 clients since May of 1999," said Gary Bishop, president, SunGard Treasury Systems. "It provides secure data and site management services and is perfectly tailored to mid-tier North American corporations that are selecting an alternate cost structure to an installed treasury solution," Mr. Bishop said.
The newly released debt and investment management services automatically calculate interest expense and/or interest earned for subscribers’ portfolios for any user-defined reporting range. eTreasury.com tracks a wide range of short- and long-term fixed and floating rate instruments including lines of credit, commercial paper (discount and interest bearing), inter-company loans, notes, money market accounts and government issues. The service gives subscribers the ability to view current day positions and historical activity, as well as the ability to generate portfolio forecasts for funding and investment analysis.
The ASP offering provides significant, and previously-unavailable treasury features, at a reduced cost by allowing subscribers to avoid some of the expenses associated with installed software solutions, including the engagement of scarce internal technical resources.
"SunGard’s treasury management ASP services, e-Treasury.com, provide strong multi-bank cash management functionality for users. The new debt and investment management services complements their current offering and uniquely positions SunGard to offer mission critical treasury ASP functionality for many organizations," said Scott Tiazkun, analyst, IDC.
eTreasury.com services are available on a subscription basis, 24 hours a day, 7 days a week to any subscriber with Internet access and a standard browser. eTreasury.com is hosted using the extensive Internet services infrastructure of SunGard eSourcing. For more information, visit www.eTreasury.com.
About SunGard Treasury Systems
SunGard Treasury Systems is the world's leading supplier of comprehensive treasury and risk management solutions. Our solutions offer sophisticated Internet/intranet-based currency, commodity, instrument trading and risk management, while also integrating robust cash management and accounting functionality (including FAS 133 compliance) within a single environment. Our solutions provide a secure, real-time link between our clients/subscribers and financial institutions and other treasury service providers offering the straight through processing of treasury transactions and information via Internet messaging. 1,200 clients worldwide, including more than half of the Global 2000 and Fortune 100 are using an installed SunGard Treasury system and hundreds more utilize our ASP offerings.