Business Services Industry
Treasure or trash.
Australasian Business Intelligence, July, 2005
Jul 05, 2005 (INTHEBLACK - ABIX via COMTEX)
Demand for treasury systems is stimulated by new hedge accounting and general accounting standards, such as FASB133 and IAS 39. In Australia, specialist systems for treasury are provided by two main system suppliers. The US-based firm Sunguard sells the Acorn system through Oakvale. Its Melbourne-based competitor CAPIX Treasury Systems distributes the system called CTM/Capix which is used by 100 large corporate treasuries in Australia. Peter Roberts, treasury accountant at BlueScope Steel, says a treasury system is superior to a spreadsheet because of its segregation of duties, reporting functionality, and data integrity.
Publication Date: July 2005
CAPIX TREASURY SYSTEMS PTY LTD:
SUNGUARD...
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