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Date Posted: 9/8/2004

A.P. Moller-Maersk Achieves Straight-Through Processing with SunGard's AvantGard

AvantGard Provides a Complete Treasury and Risk Solution

LONDON--(BUSINESS WIRE)--Sept. 7, 2004--SunGard Treasury Systems, an operating group of SunGard (NYSE:SDS - News), today announced that A.P. Moller-Maersk, the largest corporate business in Denmark with 2003 net revenues in excess of DKK 157 billion, has gone live with the first phase of a complete treasury solution delivered by SunGard's AvantGard. Maersk is using AvantGard for treasury and risk management, helping it to improve operating efficiency with straight-through processing (STP) and direct connectivity to banks. It will next implement the IAS39 module.

A.P. Moller-Maersk sought a complete treasury solution that would help it to streamline business processes, improve STP for financial payments, build a platform for IAS39 compliance and improve treasury management services with its business units. It decided to search for a third party solution rather than upgrade its existing legacy system. Maersk selected SunGard's AvantGard, including AvantGard-Quantum as its core treasury platform, AvantGard-Risk for risk management and AvantGard-eTX for secure real-time connectivity with the banks.

Torben Winther, Maersk's director of treasury management, said, "We have just gone live on the first phase of implementing AvantGard, which includes risk management, transaction workflows, cash management and SunGard's AvantGard-eTX. Already we have seen tremendous benefits in terms of smooth business process and tight integration across the operation."

He continued: "The main benefit to us is the impact we are getting out of AvantGard-eTX. The direct connectivity to banks, avoiding bank workstations and browsers, gives us immediate decision support capabilities." The A.P. Moller-Maersk treasury operation continues to expand its services into its worldwide shipping business, and the second phase of the project involves rolling out the AvantGard-eTreasury Browser for inter-company reporting. Plans are also underway to implement the IAS39 module.

Martin Boyd, executive vice president EMEA, SunGard Treasury Systems, said, "As Maersk is one of Europe's large enterprises, the AvantGard implementation project has been significant in applying the very latest technology, pioneering the integration between banks, corporates and technology vendor. In addition to the obvious cost benefits derived from the functional advantages of AvantGard, we have also lowered the future cost of ownership for Maersk in outsourcing the bank connectivity."

About A.P. Moller Maersk

The A.P. Moller-Maersk Group, whose headquarters are at Esplanaden, Copenhagen, employs over 60,000 people worldwide and has offices in more than 100 countries. The A.P. Moller-Maersk Fleet comprises more than 250 vessels with a total deadweight of about 12,000,000 tons and includes container vessels, tankers, car carriers, supply ships, special vessels and drilling rigs. Besides shipping, the A.P. Moller - Maersk Group is engaged in exploration for and production of oil and gas, shipbuilding, aviation, industry, supermarkets and IT services. For more information, visit

About SunGard Treasury Services

SunGard Treasury Systems is a leading provider of treasury and risk management solutions. SunGard solutions offer Internet/intranet-based currency and commodity trading and risk management, while also integrating cash management and accounting functionality within a single environment. SunGard solutions provide a secure, real-time link between clients/subscribers and financial institutions and other treasury service providers, offering the straight through processing of treasury transactions and information via Internet messaging. For more information, visit

About 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 - News) is a member of the S&P 500 and has annual revenue of $3 billion. Visit SunGard at

Trademark Information: SunGard, the SunGard logo and AvantGard are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

SunGard Treasury Systems
Kim Kavanagh, 818-223-2300
Fax: 818-223-2301

Source: SunGard

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