USA: SunGard Announces Foster's Brewing Group as eTreasury Client
Less than three months after the completion of the acquisition of GIS (Global Information Solutions), which added the Quantum Treasury and Risk Management System to its suite of treasury solutions, SunGard was chosen as Foster's treasury system provider.
SunGard's ability to demonstrate its working eTreasury system influenced Foster's decision to implement SunGard's eTreasury enabled Quantum solution. Foster's requirements were for a best-of-breed, proven solution. Quantum's reputation in the Australian market, combined with eTreasury's production-ready browser technology, made the choice clear.
Quantum is a total front, middle and back office treasury and risk management system, which enables real-time, straight-through processing, from the point of deal capture through to settlements, confirmations and accounting. Quantum is now -- along with GTM, ICMS/TS, ProFX and ResourceIQ2 -- a fully integrated and Web-enabled SunGard treasury solution.
"Quantum has been a respected name in treasury management long before becoming part of SunGard's product portfolio," said Gary Bishop, president of SunGard Treasury Systems. "We are very pleased that such a renowned name as Foster's will be our first implementation of Quantum enabled with eTreasury's browser functionality."
Foster's brews and distributes many of Australia's most famous beers, including Foster's Lager and Victoria Bitter, as well as some of Australia's best-known wines, such as Wolf Blass and Yellowglen. Foster's is one of the world's leading brewers, employing more than 12,000 people.
The group generates close to $2.5 billion in total annual sales and has brewing operations in Australia, Fiji, Vietnam, India and China, and wine operations in Australia, Chile, the United States, the Netherlands and Germany. As an Australian public company with a global focus, Foster's emphasizes technical excellence, superior brand marketing, world-class operating efficiencies and employee development.
SunGard Treasury Systems is an operating group of SunGard (NYSE:SDS - news), a global leader in integrated IT solutions and e-processing for financial services. SunGard is also the pioneer and a leading provider of high-availability infrastructure for business continuity.
With annual revenues in excess of $1 billion, SunGard serves more than 10,000 clients in more than 50 countries, including 47 of the world's largest 50 financial services institutions. Visit SunGard at www.sungard.com.
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