SunGard’s AvantGard helps corporations to overcome the challenges surrounding cash and working capital management by offering holistic applications designed to drive stringent treatment of trade receivables, sophisticated treasury and cash management and coordinated execution of payment processing.
AvantGard solutions help foster transparency and improved efficiencies in the corporate commercial ecosystem, a strategy that is reshaping how organisations manage receivables, treasury and payments by networking these processes into a complete organisational view of cash and risk. By helping buyers, suppliers, banks and other trading partners reduce friction and increase the velocity of free cash flow, our customers can more easily track cash flows, capital allocation, capital at risk and intraday liquidity. This helps them to maximise the intrinsic value of their corporation by optimising, predicting and protecting their cash and liquidity.
“We appreciate the acknowledgement we have received in the Treasury Management International Awards. This recognition affirms the value and quality of AvantGard solutions,” said Ken Dummitt, president of SunGard’s AvantGard. “At SunGard, we believe in creating strong partnerships with our customers to help them work across their ecosystem of buyers, suppliers, banks and other trading partners. By listening to and working closely with our customers, we are helping them improve efficiencies and connectivity, as well as providing them with transparency into cash flow and risk.”
Many corporations are challenged by lack of infrastructure to support the routing, approval and onward transmission of payments. As a result, these corporations continue to rely on bank specific solutions, spreadsheets and manual processes. The outcome is poor visibility of cash out-flows, high operational costs and a risk of fraud. Compounding these challenges, many companies also depend on a fragmented array of systems for connectivity to banks, automated clearing houses and cheque printing systems.
The AvantGard Payments solution offers a unique suite for streamlining the processing of payments helping to improve payments STP, bank connectivity and back-office integration; reduce transactional and operational costs; increase security; and improve the management of payment information, exceptions and statement flows.
“With increasing attention being paid to the topic of liquidity, corporations are under increasing pressure to devise ways of managing their cash more effectively. Many corporations, however, continue using decentralised methods that are resulting in poor visibility and high operational costs as well as introducing the possibility for fraud-related risk. AvantGard Payments can help by providing corporations with a centralised payment platform that facilitates straight-though-processing (STP) and promotes centralised connectivity over SWIFT with banks and other trading partners,” said Andrew Owens, managing director of global payments in SunGard’s AvantGard Corporations business.