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Middle East Corporates Take Treasuries to the Next Level

SunGard’s AvantGard Treasury customers, Dubai Aluminum (DUBAL) and Easa Saleh Al Gurg Group (ESAG), were recognized for their outstanding achievements in the implementation of treasury solutions during the Association of Corporate Treasurers Middle East (ACTME) Annual Conference.

DUBAL, one of the world's largest single-site primary aluminum smelters, won the “Large Team of the Year” award for its implementation of a cutting-edge treasury management system enabled by SunGard’s AvantGard Quantum. As noted by the Middle East Treasurer, the magazine of the Association of Corporate Treasurers in the Middle East, “DUBAL’s SunGard AvantGard Quantum TMS is about as all-singing, all-dancing as treasury technology goes.”

ESAG, one of the UAE’s leading business houses, won “Small/Medium Team of the Year” for achieving an impressive transformation of its treasury operation, an overhaul underpinned by its investment in technology. ESAG went live with SunGard’s AvantGard Quantum in October 2011.

“We are honored to have received such a prestigious recognition from ACT Middle East. We are very proud of how we delivered on our vision to transform our treasury management system into best-in-class. SunGard’s AvantGard played an instrumental role in this journey.” - Toby Shore, MCT - corporate treasurer and chief risk officer, DUBAL

“We are very pleased with the results from this 12-month transformation of our treasury department. We made a substantial investment in technology in 2011 and we are delighted to see it is paying off nicely. We thank ACT Middle East for the award and SunGard for supporting our move towards achieving world-class use of the system.” - Werner Flaig, group CFO, ESAG

The ACT Middle East’s Network is made up of over 3,600 members from a range of corporations, banks and financial institutions across the Gulf. The ACT Middle East Annual Conference focuses on key issues facing treasurers in the region.

About SunGard Financial Systems
SunGard Financial Systems provides mission-critical software and IT services to institutions in virtually every segment of the financial services industry. The primary purpose of these systems is to automate the many detailed processes associated with trading, managing investment portfolios and accounting for investment assets. These solutions address the processing requirements of a broad range of users within financial services, including asset managers, traders, custodians, compliance officers, treasurers, insurers, risk managers, hedge fund managers, plan administrators and clearing agents. In addition, we also provide professional services that focus on application implementation and integration of these solutions and on custom software development.

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Mardi 14 Janvier 2014

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