This new reseller agreement adds WISDOMâs CFO Strategistâ¢ Finance product to the SunGard portfolio of treasury management solutions, and allows SunGard to provide a more complete set of technology solutions to large cap corporations to enhance both their treasury operations and overall financial performance. CFO Strategist Finance uses internal information such as cash position, market data, cash forecasting and treasury policy to calculate and assess the costs/benefits of hundreds of internal and external cash management strategies on a daily basis. It then recommends an optimal investment or borrowing strategy that will help maximize returns or minimize costs while meeting corporate safety and liquidity requirements. The software also contains a powerful simulation module that allows treasury managers to run various scenario analyses on their portfolios.
"We are very excited about aligning with SunGard. The combination of SunGardâs leading treasury solutions with our advanced automated investment and debt optimization tool will enable treasury managers to collect and compile data, and immediately use that data for crucial daily treasury decisions to affect corporate liquidity, risk and return," said Angela Kennedy, WISDOMâs chief executive officer.
WISDOMâs CFO Strategistâ¢ Finance provides SunGardâs clients with portfolio optimization, a field that is not covered by traditional treasury technology. SunGard Treasury Systems provides corporate and government clients robust decision support functionality in the form of standard and fully customized reporting; WISDOM tremendously expands this service for the first time by providing SunGard clients with complementary decision making functionality that is integrated into their core treasury solutions and daily processes. WISDOMâs CFO Strategistâ¢ Finance builds customized corporate profiles, with client-defined borrowing needs and investment preferences, tracks all global instruments, and then recommends the best short-term methods for funding instruments or borrowing money on a daily basis, based on current rates and availability.
"This alliance exponentially increases the value of short-term decision making functionality and decision support functionality by strategically combining two necessary treasury functions through a fully integrated programming language, and providing corporate clients with one seamless and reliable solution," said Ken Dummitt, president, SunGard Treasury Systems. "The combination offers SunGard clients the ability to optimize their daily investment and debt decisions to better manage their short-term financing, and then compile, calculate and analyze their results on one system and through one real-time, straight-through process," Mr. Dummitt said.