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Guava makes perfect business sense

Bahrain: Thursday, October 25 - 2007 @ 11:33

aurionPro— a BSE/NSE listed and an ISO 9001:2000 certified, ten-year-old technology product and solutions company—in strategic alliance with CCK Financial Solutions Ltd. an Australian company with over 20 years experience in the development, implementation, and support of treasury and capital market solutions—have partnered together to offer Guava Integrated Treasury Solution.

The top-end business solution—specifically designed to serve the GCC Banking and Finance sector—was launched at a seminar which began in Riyadh on 22 October 2007; in Kuwait on 23 October and took place today in Bahrain at the Gulf Hotel.

The launch comprised of a presentation, given by Mr. Krishna Grover, Director, aurionPro Solutions Ltd., highlighting Guava’s advantages and attributes, and how it can be applied to banks and other financial institutions, followed by Mr. Joseph Wong, Managing Director, CCK Financial Solutions Ltd., who discussed Conventional Treasury, Islamic Treasury, and Technology as an Enabler. The event also comprised a luncheon.

“Guava an Integrated Treasury Solution is the fruit of 20 years of specialist expertise, and flexible design; to provide a highly functional and cost effective product for Treasury departments. The result is straight through processing, lower transaction costs, and reduction in reconciliation problems between the front and back office,” explained Mr. Grover.

“With its fully integrated coverage of all treasury operations from dealing, through to risk, operations, accounting, and reporting, Guava provides customers with one solution that covers all their treasury requirements, in addition to covering a broad and extensive range of financial instruments in: money markets; fixed income; equities; foreign exchange; derivatives; corporate lending; and Islamic treasury products like Mudharabah Lending & Borrowing, Muddarabah Bond Purchase & Issuance, Islamic Accepted bills, Sukuk Al Ijarah Underwriting Facility Bonds, Islamic Negotiable Instruments of Deposit, Mudharabah Note issuance facility, Wadiah etc..

“Guava fulfils the existing requirements of an institution’s treasury department, whilst simultaneously empowering the institution with the tools for rapid adaptation and conformation to the ever increasing demands of regulatory bodies, accounting bodies, and financial markets. I would strongly recommend financial institutions to attend the launch to understand how Guava can enhance their day-to-day operations,” Grover concluded.

With the banking domain as its primary focus, aurionPro Solutions is a 750+ member organization headquartered in Mumbai, India with subsidiaries in Bahrain, Singapore, Philippines and USA. aurionPro also maintains its services in IT consultancy, Business Process Outsourcing, and Risk Management Advisory. These services have helped the company to maintain best practices in product implementation, offshore delivery, and technology adoption—essentials for any IT firm.

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Thursday, October 25- 2007 @ 11:33 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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