Oakvale has provided its customers with an online treasury management system, Acorn, since 2000. Acorn provides functionality and services ranging from deal capture and back-office processing to risk analysis and reporting. The tool is powered by SunGardâs AvantGard treasury solution. By extending its use of the solution and its relationship with SunGard, who also host and manage the application, Oakvale has enhanced the functionality of Acorn in order to give customers improved tools for handling their treasury risk exposures, specifically management of their financial facilities.
Paul Travers, chief operating officer at Oakvale, said: âAs a partner and customer of SunGard for years, we have always been pleased with the results that AvantGard has delivered to us. This latest expansion of our relationship and use of the AvantGard solution will help ensure that the Acorn treasury service continues to be a comprehensive state-of-the-art solution.â
Andrew Woods, group vice president, global treasury solutions at SunGardâs corporations business, commented: âOakvale has been a trusted partner for many years and during that time its Acorn application has benefited from the evolution and enhancement of AvantGardâs flexible treasury technology. We are pleased to support Oakvale as they take their treasury services offering to the next level.â