Singapore 3 July 2006 â SunGard today announced its continued expansion in Asia Pacific, with the launch of new product and service offerings in the region. The new offerings include AvantGard GETPAID a leading collaborative financial management solution that automates workflow to manage the entire order-to-cash process. In addition, SunGard has expanded its dedicated resources and customer support for Kiodex, a commodities trading and risk management solution; Monis, a suite of products for derivatives trading; and Reech, a risk management engine and derivatives pricing solution.
AvantGard provides an enterprise-wide view of cash and working capital across accounts receivable, accounts payable and treasury. AvantGard GETPAID supports the accounts receivable function, a key driver of free cash flow. AvantGard GETPAID will help companies in Asia to optimize their order-to-cash process, helping to improve management of free cash flow and to lower operating costs.
"Historically, credit operations are prone to inefficiencies due to a lack of integration and automation, and as a result, companies often experience high operating costs and poor performance in this area," said Rachael Phelan, partner, Risk Advisory Services at KPMG. "Technology solutions may help companies increase cash flow, and when combined with appropriate business process changes, may reduce costs as well. In addition, an integrated approach to the order-to-cash cycle allows companies to leverage data, resources and collaboration technology to help improve working capital."
AvantGard GETPAID is part of the AvantGard suite which is already well-established in Asia with a customer base of more than 150 corporate and financial institutions. AvantGard GETPAID helps companies to leverage the data gathered in the accounts receivable process, such as customer paying habits, to enhance AvantGard treasury data and help provide a more accurate view for cash forecasting and risk management.
Kiodex helps hedge funds and other firms with exposure to commodities by providing trading and risk management tools and independent market data. SunGard has added a dedicated support for Kiodex based in Singapore.
Monis and Reech are well established in Asia, with a significant customer base comprised of more than 60 leading banks, securities houses and hedge funds. Additional support for these solutions, based in Kuala Lumpur, will focus on Malaysia, Hong Kong, India and Australia. Kiodex, Monis and Reech are supported locally by a hedge fund team headed by Mark Wightman, general manager and head of alternative investments at SunGard Asia Pacific.
John Wilson, president of SunGardâs Asia Pacific business, said, âWe constantly examine the industry to determine how our products can help our customers achieve their goals. The recent launch of these products in the region reflects the increasing value of the order-to-cash process for Asia Pacific organizations, as well as the growing interest in commodities and derivatives from both established hedge funds and start-ups. SunGard is well positioned to broaden its product and service offerings in the region. With offices in 11 countries throughout Asia Pacific and a dedicated team of product specialists and support staff, we provide a single point of accountability for our customers.â