Accounting and Financial Software
Inspectorate Selects SunGard's AvantGard for Receivables Management
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Inspectorate Selects SunGard's AvantGard for Receivables Management
AvantGard Chosen to Help Automate and Streamline Order-to-Cash Cycle
Calabasas, CA, April 22nd, 2008 - SunGard (http://www.sungard.com) today announced that Inspectorate, one of the world's leading inspections and testing organizations, has chosen SunGard's AvantGard Receivables Management solution to help it automate and streamline processes, institute controls and gain greater visibility across the order-to-cash cycle. AvantGard Receivables offers credit and collections software that drives automation, workflow, and collaboration across the order-to-cash cycle, helping organizations gain visibility and control and improve liquidity management (http://www.sungard.com/avantgard).
Barry Benton, chief financial officer at Inspectorate, said: "Our heavy reliance on spreadsheets and poorly organized data, plus a shortfall in our reporting capabilities, has made managing collections and disputes a costly, time-consuming task. We therefore required a solution that could help us to eliminate our manual processes, improve operational productivity and obtain greater visibility into our cash flow. SunGard's AvantGard Receivables will help us to make substantial process improvements - providing the sophisticated workflow, reporting, monitoring and tracking capabilities we desire for more strategic collections and deductions management."
CJ Wimley, order-to-cash solution leader for SunGard's AvantGard business, commented: "Improving the order-to-cash cycle continues to be an important goal for many organizations, since effective management of trade receivables is a critical component of liquidity in the financial supply chain. Organizations that consolidate data from disparate systems and platforms into the AvantGard Receivables solution gain a single view of their cash - helping them to improve their cash forecasting and risk analysis."
For more information, contact:
Lucia Cotis
SunGard
Tel: +973-463-1500 x109
Fax: +973-599-0902
E-mail: lucia.cotis@sungard.com
About Inspectorate
Inspectorate is one of the world's leading inspection and testing organisations. The company's independent inspection and testing services are delivered at key trading locations across the world and has more than 4,000 experienced members of staff, including geologists, master mariners and chemists. For more information, visit www.inspectorate.com.
About AvantGard
SunGard's AvantGard is a leading liquidity management solution for corporations, financial institutions and the public sector. AvantGard provides chief financial officers and treasurers with real-time visibility into cash flows and increased operational controls around treasury, receivables and payments management. The solution aggregates data for a single view of cash, drives productivity through automation, and fosters collaboration between trading partners. For more information, visit www.sungard.com/avantgard.
About SunGard
With annual revenue of $5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.
