Companies increasingly view the management of working capital, particularly accounts receivable, as an important measure of a company’s financial health. Historically, these operations have been highly inefficient as a result of the lack of integrated systems being used to manage the order-to-cash cycle.
SunGard’s AvantGard addresses this challenge by providing a fully integrated, Web-based order-to-cash solution that enables companies to achieve significant financial and operational benefits. AvantGard Receivables drives automation, workflow and collaboration across the order-to-cash cycle, with detailed analysis and reporting capabilities for facilitating decision support.
“Efficient and effective receivables management is integral to the financial stability of any corporation. By automating workflows around credit and collections processing and management and adding transparency, a company is empowered to unlock hidden cash, enhance compliance management and improve customer service with greater response time. SunGard’s AvantGard provides corporations with visibility and a proactive approach to collections management in order to help them improve cash flow and reduce bad debt expense. We are happy that our hard work and success in receivables has been recognised by TMI and are proud to receive this award,” said Jim Mangano, SVP, Receivables Solutions, SunGard’s AvantGard.
IT2 Treasury Solutions
IT2 Treasury Solutions is delighted to have retained TMI’s Best Back Office & Accounting System award in 2010.
IT2’s success is based on the delivery of best practice solutions that provide scalable real time visibility of cash and financial risk, as required by today’s treasurers.
IT2 provides the functional solution for back office and accounting – the core of treasury operations. It additionally offers solutions for front and middle office requirements, including risk management, and integral support where required for specialized activities such as the management of eBAM, trade finance, hedge accounting, commodities, leasing and investment. IT2’s process-orientated approach to treasury management offers seamless STP front-middle-back office workflows. IT2 is shipped with a comprehensive set of best practice libraries, of treasury processes, reports, dashboards and real time workbenches; these assure new clients of streamlined implementations, and operational clients of secure, controlled and fully transparent operations.
IT2 functions as the control hub for secure, transparent treasury operations, providing treasurers with integration with all complementary information sources, such as bank reporting and payment systems (including SWIFT), ERPs, dealing portals, confirmation matching services and market rate feeds.