AECI Group Selects SunGard's AvantGard to Gain a Single View of Cash and Risk

Johannesburg, South Africa - 19 October 2011

AECI, a specialty product and services group of companies which provides value-adding solutions to customers through science, technology and industry knowledge, has selected SunGard’s AvantGard Treasury to help optimize the management of its treasury activities.

AvantGard will help AECI streamline its treasury business with full front-to-back office accounting and integrated modelling and analysis tools to help manage risk, maximize liquidity, and drive growth. AECI’s decision to select SunGard was influenced by the SunGard’s local support infrastructure, as well as the professional reputation that SunGard maintains in South Africa.

Trevor Starke, group treasurer, AECI, said, "Our incumbent technology couldn’t keep pace with the growth of our treasury operation and advanced risk mandate. We chose SunGard’s AvantGard to help us better manage our risk and stay on top of evolving compliance requirements.”

"As South African corporations continue to grow and experience global expansion, we are observing a need for the centralization and automation of treasury functions,” said John Tedder, regional director, Africa, SunGard’s AvantGard business unit. ”We currently support numerous organizations of different sizes and scale in the region, helping them automate processes from front-to-back, as well as implement best practices.”

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