SunGard has added a mobile trade authorization capability to the SunGard Global Network (SGN) Short-Term Cash Management portal.
The SGN Short portal is a global, multi-currency trading and connectivity solution for institutional short-term liquidity investors. Treasury and investment specialists, hedge funds, governments, colleges and universities are among the operations that use SGN, which provides the ability to research, analyze, trade and report on money market funds and short-term cash investments through a single connection.
The SGN mobile application helps treasurers improve their management of liquidity by facilitating the necessary trade approval on money market investments using a smartphone or tablet. SGN Short-Term Cash Management portal is a global compliance, trading and research solution for institutional cash investors.
Given the expedient nature of money market funds and short-term cash investments, it is crucial that deadlines are met on trades that typically require two levels of authorization. The SGN Short-Term Cash Management portal’s mobile, dual-authorization capability helps treasurers enhance liquidity by accessing investment opportunities within the needed timeframes remotely while still meeting security, audit and compliance requirements.
“Adding mobility to the management and authorization of trades increases processing and workflow flexibility,” said Bob Ward, chief operating officer of SunGard’s wealth management business. “Expanding SGN’s Web-based dual-control capability to the mobile channel will help treasurers capitalize on opportunities, improve efficiency, and improve transparency around trade workflows,” he said.