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Input/Output Selects SunGard’s AvantGard for Receivables Management

AvantGard Selected to Help Increase Visibility and Automation of the Credit and Collections Process for New Finance and Accounting Shared Services Center

SunGard today announced that Input/Output, Inc., a leading technology-focused seismic solutions provider for the global oil and gas industry, has selected SunGard’s AvantGard receivables management solution for increased visibility and automation in its new shared services center. AvantGard Receivables helps customers to improve liquidity management and operational control around receivables, treasury and payments processing.

”We are migrating from a decentralized credit and collections operation to a shared services center environment and AvantGard will help us gain visibility into our global receivables across five business units while helping to eliminate our manual processes,” said Dave Maxey, Input/Output’s treasurer and vice president of Tax. “AvantGard provides a centralized repository of data and a systematic approach, which will help us to more effectively manage and consolidate our credit exposure and more easily track and report on our outstanding receivables.”

“AvantGard’s receivables management solution helps companies consolidate data from disparate sources and then ap-ply embedded policy to help drive performance gains, facilitate collaboration with business units and gain visibility to cash flow and credit risk exposure across the entire enterprise,” said CJ Wimley, chief operating officer of SunGard’s AvantGard Receivables business unit. “AvantGard is well suited for finance and accounting shared service centers of-fering the ability to bring together data from multiple sources and locations as well as drive efficiencies through automation and workflow.”

SunGard’s AvantGard is an award winning software for finance and accounting shared services centers; it was recently recognized at the annual Shared Services Week Conference as “Shared Services Vendor Organization” of the year. Additionally, two AvantGard customers were awarded “Best Use of Technology in a Shared Service Center Environ-ment”.

Effective management of accounts receivable is a critical area to target for liquidity management and process improvements as it is a key driver of cash, cost containment and customer relationships. SunGard’s AvantGard is an end-to-end collaborative financial management solution which is able to touch cash coming in and out of the enterprise at every point, thus giving the CFO and treasurer the tools to help drive maximum value from working capital and help reduce risk.