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Eskom Selects SunGard’s AvantGard for Integrated Treasury and Risk Management
May 14, 2008 - Eskom, South Africa’s primary electricity supplier, chose SunGard’s AvantGard solution for treasury management.
Eskom will use AvantGard to help manage the front- to back-office operations of its treasury business for integrated cash, accounting and risk management.
Based in Johannesburg, Eskom provides ninety-five percent of South Africa’s electricity. Eskom will use AvantGard for deal capture and real-time cash flow management, which will help it to increase operational controls around treasury and better manage the risk inherent across these operations.
Eskom selected AvantGard to replace several disparate systems by providing an integrated solution across a single platform. With fifty users across the organization, Eskom will be able to enhance a broad scope of functions not only in its central treasury but also across other business units.
“Our key objective in this project is to improve connectivity, straight-through processing and compliance. In choosing SunGard’s AvantGard we have selected a system that will address multiple needs in a single-vendor environment,” said Caroline Henry, head of treasury at Eskom. “We feel confident that through sophisticated technology and local expertise, SunGard will help to enhance our overall business process management, and in turn improve strategic decision-making.”
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