Today, Toyota Financial Services uses AvantGard Treasury to help improve data integrity, create complex reports, establish audit and security controls, and free skilled treasury staff from time-consuming manual tasks. The company first implemented AvantGard in its UK operation and then added the Netherlands, Germany, Italy and South Africa. Current plans include bringing parts of Asia onto the common platform. AvantGard Treasury has been configured to meet the local requirements of each location, while serving as a single, unified, global treasury platform. The solution has also helped Toyota Financial Services handle a wide range of financial instruments and respond more quickly to fluctuations in the market.
Richard Nelson, European funding manager, Toyota Financial Services, said,âWhen we implemented AvantGard Treasury in 2002, we had a vision of what we wanted treasury to look like in the coming years, which included introducing improved straight-though processing (STP) into our operations and systems. Expanding the solution to our treasury locations globally has been a big part of achieving this vision. SunGardâs AvantGard helps us tailor certain functionality by country, while at the same time affords us the advantage of leveraging a single treasury platform.â
Paul Bramwell, senior vice president of treasury solutions for SunGardâs Corporate Liquidity business, said, âMany global companies with treasuries that operate regionally are challenged by inconsistent data and reporting formats, disparate systems and an inability to gain an overarching view of positions. SunGardâs AvantGard Treasury helps companies, like Toyota Financial Services, more easily consolidate and aggregate disparate data and pinpoint global cash positions for better decision-making. A common treasury platform also helps treasurers gain real-time access to data and a complete view of cash flowing across the broader organization, regardless of how widely dispersed the operations may be.â