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Saturday, Jul 31, 2004

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Software for treasury ops

Our Bureau

CHENNAI: VKC Software Solutions (P) Ltd has launched software to help companies manage their entire treasury operations. Called TRIAD, the Web-based solution can handle all complexities of a modern treasury.

It is also an integrated multi-currency and multi-entity treasury management systems with complete front, middle and back office functionalities integrated with each other, said a company official.

TRIAD automates a number of treasury operations, including collection and tracking of data, trade exposures (exports/imports), spot and forward settlement contracts, bonds, equity and mutual funds, money market instruments such as T-Bill and currency swaps, said the company's Director, Mr N. Nageswaran, who was earlier with the State Bank of India in the forex department.

According to Mr S. Jagadesh, Managing Director, VKC Software, the software is priced at about Rs 10 lakh. This is compared to an SAP solution that costs about Rs 1.5 crore, he said.

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