NEC selects SunGard's AvantGard to manage its group treasury operations

Issued by SunGard
Johannesburg, 01 Apr 2005

SunGard Asia Pacific, an operating unit of SunGard (NYSE:SDS), today announced that NEC, a leading manufacturer and provider of computers, communications equipment, electronic devices and software, has selected AvantGard-Risk for its group treasury risk operations.

AvantGard-Risk will be implemented at NEC's head office in Tokyo, Japan. AvantGard-Risk will support SunGard's AvantGard-Quantum solution which was implemented by NEC's group treasury operations in 2002.

In seeking a treasury solution, NEC required a single, integrated treasury system to replace a number of its existing in-house and locally developed systems. SunGard's AvantGard solution helps NEC control its treasury operations and focus on strategic risk management to achieve the most appropriate risk hedging solutions.

A spokesperson for NEC said: "SunGard's AvantGard solution helps us to achieve our treasury objectives by providing efficient, real-time straight-through processing, improved integration, and reduced time for the generation of reports. It helps us reduce manual operations and mitigate operational risk. SunGard is a global leader with strong local knowledge, expertise, and a support network across the region. The success of AvantGard and its ability to help us achieve our business objectives has given us the confidence to expand the solution."

AvantGard-Risk will help NEC manage its risk exposures by providing scenario analysis, VaR calculations, limits, alerts and pricing functionality. AvantGard-Risk will assist NEC's Corporate Finance Division in providing a view of FX risk and helping them make better informed business decisions.

John Wilson, president of SunGard Asia Pacific, said: "Globally we are seeing that treasurers are seeking software solutions that help them to improve their treasury and cash management process, as well as address the increasingly important area of risk management. Within the Japanese corporate sector we are seeing an emphasis on how treasury solutions can help drive operations, assist in the effective management of risk, increase returns and reduce back-office inefficiencies. SunGard is well placed to work with Japanese organisations as we have a long history in Japan and offer a proven global solution that is one of the most widely used treasury solutions in Asia Pacific."

NEC

NEC Corporation (NASDAQ:NIPNY) (FTSE:6701q.1) is one of the world's leading providers of Internet, broadband network and enterprise business solutions dedicated to meeting the specialised needs of its diverse and global base of customers. Ranked as one of the world's top patent-producing companies, NEC delivers tailored solutions in the key fields of computer, networking and electron devices, by integrating its technical strengths in IT and networks, and by providing advanced semiconductor solutions through NEC Electronics Corporation.

The NEC Group employs more than 140 000 people worldwide and had net sales of 4 906 billion yen (approx US$47 billion) in the fiscal year ended March 2004. For additional information, please visit the NEC homepage at http://www.nec.com.

SunGard Asia Pacific

SunGard Asia Pacific combines the global presence and strength of SunGard with local knowledge and expertise. Dedicated staff members in 12 offices in 10 countries across the region are committed to providing exceptional service, leading-edge technology and integrated solutions to the Asia Pacific financial services community. Serving over 400 clients in Asia Pacific, its key principles rest on quality service and support.

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) is a member of the S&P 500 and has annual revenue of US$3 billion. Visit SunGard at www.sungard.com.

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

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