Perth-based specialist software developer CCK Financial Solutions Ltd will provide its treasury management system, Guava Suite, to South Australian government agency HomeStart Finance, the company announced today.
The full text of a company announcement is pasted below
CCK Financial Solutions Ltd (CCK), a leading provider of treasury and capital market solutions, today announced it has signed a contract with HomeStart Finance (HomeStart), for the implementation of Guava Suite, CCK's treasury management system.
HomeStart Finance is an initiative of the Government of South Australia and was established as a statutory corporation in 1989. Over the past 17 years, HomeStart has been committed to helping South Australians on lower incomes fulfil their home ownership dreams, and enjoy both the financial and social benefits that come with home ownership. HomeStart will be using Guava for all of its treasury management needs including the dealing, risk management, settlement and accounting functions.
Mr Joseph Wong, Managing Director, CCK said, "We are delighted that HomeStart has selected Guava for its treasury management activities. HomeStart was using Epsilon, the pre-cursor to Guava's dealing and risk management component. They are now upgrading to the entire Guava Suite."
Mr. Gary Storkey, CEO of HomeStart, said "HomeStart selected Guava after a detailed evaluation of a number of solutions available in the Australian market. We have been impressed with CCK's professionalism and the trouble free nature of Epsilon in the seven years we have been using it for interest rate risk management. Our evaluation clearly showed that Guava had the best functionality to meet our requirements. We look forward to a continuing relationship with the team at CCK."
Guava is a fully integrated suite of front to back office treasury and wholesale banking applications, which provides users with effective straight through processing. The suite of products cover dealing (including pricing of financial products, portfolio analysis and deal capture), risk management (including limit management, computation of Value at Risk and compliance reporting) operations (including confirmations and settlement) and accounting.
