Sungard's Asia Pacific, an operating unit of SunGard, today announced that Chartered Semiconductor Manufacturing, one of the world's top three dedicated semiconductor foundries, has selected the Company's AvantGard-Quantum software to support its treasury function. Chartered will utilize AvantGard-Quantum to monitor cash positions, foreign-exchange and interest rates exposure as well as enable flexible forecasting.
We are pleased to leverage AvantGard-Quantum to support the streamlining of our treasury function," said George Thomas, vice president and chief financial officer of Chartered. "Implementing AvantGard-Quantum automates Chartered's interfaces with various banking services. This gives us the ability to view financial data movements as they are reported."
John Wilson, president, SunGard Asia Pacific, said, "Treasury operators across the region are looking for a leading global solution that caters for effective treasury and cash management. SunGard's AvantGard-Quantum is a proven global solution and one of the most widely used in the Asia Pacific region. We have the solution, the functionality and the local expertise to support our customers."
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SunGard Asia Pacific combines the global presence and strength of SunGard with local knowledge and expertise. Dedicated staff members in 12 offices in 10 countries across the region are committed to providing exceptional service, leading-edge technology and integrated solutions to the Asia Pacific financial services community. Serving over 400 clients in Asia Pacific, its key principles rest on quality service and support, product passion and strategic account management.
SunGard
SunGard is a global leader in integrated software and processing solutions, primarily for financial services. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 20,000 customers in more than 50 countries, including the world's 50 largest financial services companies. SunGard (NYSE:SDS) is a member of the S&P 500 and has annual revenue of US$3 billion. Visit SunGard at www.sungard.com.