Danfoss chooses AvantGard ETX

Danfoss, an international group based in Nordborg, Denmark, has implemented SunGard’s AvantGard-ETX to provide secure real-time connectivity to its banks, Citibank, Danske Bank and Deutsche Bank.   

Danfoss, which develops and produces mechanical and electronic products and controls, selected AvantGard-ETX to help it to further reduce costs and to deliver a holistic view of global cash positions, helping to provide improved decision support. AvantGard-ETX uses the internet technology to connect directly to the banks’ core systems on a real-time basis for intra-day collection of bank account information.