In a move to expedite corporate treasuries' short-terminvesting, the SunGard Global Network's Short-Term CashManagement Portal now allows users toauthorize money-market trades from mobile devices such as phones ortablets. Mike Vogel, senior vice president in SunGard's wealthmanagement business, says the new capability is part of the“heightened awareness” of cash management that developed in thewake of the financial crisis, with corporates paying more attentionmoney markets, risk and liquidity. Companies often require twolevels of authorization for money market trades. In response tothat, “dual authorization is something we added to the portal acouple of years ago, and now we've made it mobile as well,” Vogelsays. Institutional investors have more than $100 billion of fundsinvested through the Short-Term Cash Management Portal, he says.Trade authorization is the portal's first mobile capability, Vogelsays, but adds that “SunGard as a whole is certainly focusing onapplications that acknowledge the more mobile workforce.”

J.P. Morgan Treasury Servicessays it has completed its electronic bank accountmanagement (eBAM) central utility pilot. The test,undertaken with three of the bank's big clients—Fujitsu, MetLifeand SWIFT Treasury—deployed a single multibank platform used byboth companies and their correspondent banks. J.P. Morgan's pilotalso featured a single connection used to communicate with multiplebanking partners, digital signing using SWIFT 3SKey, and ISO 20022message validation.

J.P. Morgan Treasury Services also announcedthe launch of an enhanced version of its currency web portal,Web Currency Services, which provides improvedinternal controls and expense and non-earning asset management. Theportal lets companies view the history of their currency orderswith J.P. Morgan's network of more than 100 vaults across thecountry, as well as details on each of their cash deposits,including adjustments. The portal also uses intelligent forecastingalgorithms to calculate and recommend cash orders or deposits formultiple locations, and provides clients with monthly reports anddashboards to show trends in deposits and currency orders.

IT2 Treasury Solutions has launched the latestversion of its treasury management product, IT2 7.2:Treasury Transparency & Performance, which includes asecond-generation eBAM solution and a new facility that allowscorporates to manage collateral. The 7.2 version also has enhancedanalytic capabilities and an improved interface that includesalerts allowing treasurers to manage their exposures in line withtreasury policy.