Exciting Step Forward For SME’s

Australia’s largest independent financial risk management company, Oakvale Capital Limited, today formally launched its new online treasury system Acorn. The system is featured in the "The 2001 Treasury Technology Survey" conducted by Ernst and Young and the Finance and Treasury Association. Acorn is Australia’s first online treasury system designed specifically for SMEs.

"This is an exciting development in treasury systems in Australasia " said Jim Cunningham, Oakvale’s Managing Director.

Acorn is the product of an alliance between Oakvale and global giant SunGard Treasury Systems and is powered by SunGard's Quantum treasury system. Quantum is used by over half of the Fortune 100 corporations. Oakvale currently manages financial risk for more than 80 organisations from 11 different industries with a total in financial exposures in excess of $15 billion.

Acorn was devised as an answer to the over reliance on spreadsheets and lack of integrated treasury systems within the SME sector. Acorn addresses the inadequacies of these systems and makes it possible for SME's to have access to cost effective, secure, real time, sophisticated treasury management systems at their desktop.

Acorn provides comprehensive functionality ranging from sophisticated deal capture and back office processing to advanced risk analysis. The system boasts powerful features, including:

· Online access to portfolios
· Security, reliability and privacy
· Full transaction audit trail
· Comprehensive reporting
· Real time mark-to-market valuation

Unlike other online systems, Acorn is based on a Business Service Provider (BSP) model. This gives clients the added advantage of ‘people’ support. A help desk and additional training will be provided as required. Oakvale, as a specialist financial risk advisory firm, has skilled personnel who have a sound understanding of the financial markets and clients’ financial risks and exposures. This means that not only is the system tailored to individual organisational needs but so is the advice.

The identification, quantification and management of financial risk is becoming increasingly complex. Acorn provides a treasury management system that allows companies to have the scale advantages of large treasuries at a fraction of the cost. It also allows business managers to concentrate on core business with the confidence that they are dealing with the latest in interest rate, foreign exchange and commodity exposure information.

Jim Cunningham was recently awarded the industry’s highest accolade,
the Finance and Treasury Associations "Excellence in Finance and Treasury Award". The award was previously known as "Treasurer of the Year". The award is in recognition of the highest ethical standards, commitment and service to the industry. This is the first time that a consultant has won the award.

Oakvale Capital Ltd
Jim Cunningham
Tel: (08) 9322 7422

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