British Airways Plc Expands its use of SunGard’s AvantGard Treasury for Global Cash Management and Forecasting

London - 11 October 2011

British Airways, the UK’s flagship airline and one of SunGard’s longest-standing treasury customers, will expand its use of AvantGard Treasury for the UK, Europe and North America. It will roll out the cash management solution across the Middle East, Africa, Asia and Latin America including its regional hubs in Hong Kong, Delhi, Johannesburg and Sao Paolo. Once fully implemented worldwide, British Airways will benefit from an enhanced view of its treasury, cash and risk both on a regional and global basis.

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, “We chose SunGard’s 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.”

Paul Bramwell, senior vice president, treasury solutions for SunGard’s AvantGard business unit, said, “We 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."

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