Having first partnered with SunGard twelve years ago for treasury and risk management, British Airways made the decision to streamline its cash management process by expanding its use of AvantGard Treasury to introduce greater integration and automation to cash management and forecasting, globally.
Mike Maybury, cash manager, group treasury for British Airways, said, âWe chose SunGardâs AvantGard to support our global treasury operation and to automate our cashflow forecasting. AvantGard will facilitate effective local cash management at our regional hubs via improved visibility and control of their cash positions, while also delivering to central Treasury consolidated views of cashflows and currency exposures worldwide.â
Paul Bramwell, senior vice president, treasury solutions for SunGardâs AvantGard business unit, said, âWe are pleased to continue our long and successful relationship with British Airways. Its decision to expand its use of AvantGard on a global basis is a testament to the value British Airways finds in AvantGard. Our global services organization will be working on the ground to help bring the full enterprise into a centralized solution, offering increased visibility and control over cash and risk."