Effective management of trade receivables 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. SunGardâs AvantGard provides 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 organizations such as EmployBridge tools to help drive maximum value from working capital and help reduce risk.
Jerry Roth, vice president of credit and collections at EmployBridge, said: âOur invoice volume was increasing and we required a solution to help us manage this growth. The AvantGard solution fully supports our objectives to improve operational efficiencies and minimize costs. Using the solution, we can optimize our collections and proactively manage credit risk via the sophisticated credit scoring tools. In addition, the invoice dispute resolution functionality will help us automatically generate, assign and route disputed issues through a workflow process to reduce our dispute cycle time.â
CJ Wimley, group vice president for order-to-cash solutions at SunGardâs AvantGard business, commented: âAvantGard aggregates data from multiple sources and systems and then uses a configurable rules engine to systematically drive workflow and automate processes. Introducing automation, workflow and collaboration across the order-to-cash cycle helps organizations more effectively manage their cash flow, forecasting and bad debt expense.â