Atlas Copco Extends Use of SunGard’s AvantGard Receivables to Australia

Sydney - 27 July 2009

Atlas Copco, a world leading provider of industrial productivity solutions, has selected SunGard’s AvantGard to support the company’s Australian operations in automating and introducing a more strategic approach to collections and disputes. An existing AvantGard customer, Atlas Copco currently uses SunGard’s AvantGard Receivables solution in its UK location to serve a pan-European operation as well as in the United States. The decision to implement the solution in Australia is part of a global initiative to embed best practices within the receivables group across the entire organization.

Atlas Copco’s Australian operations were using manual processes and spreadsheets to work, manage and facilitate key credit functions, which was becoming a time-consuming process. The company was looking for automation that would help alleviate non-goal oriented tasks and help staff become more strategic in their approach to collections and disputes. Given the company’s increased focus on improving the way that working capital is managed, Atlas Copco implemented AvantGard in its Australia location to help streamline order-to-cash processes, support it in lowering days sales outstanding (DSO) and decrease the number of outstanding disputes and unpaid invoices.

“The state of the economy has played a large part in our decision to implement AvantGard in our Australian operations, as the current crisis has reinforced the importance of cash flow in ensuring that we have strong liquidity and optimal working capital at our disposal. We have been pleased with the positive results of AvantGard in our other locations and look forward to achieving similar benefits in our Australian business,” said John Davis, business controller at Atlas Copco.

“Atlas Copco’s decision to extend its relationship with SunGard through implementing AvantGard Receivables in Australia demonstrates the solution’s ability to provide organizations with global support and tools for introducing best practices for the improved management of liquidity,” said Tom Clipston, managing director of SunGard’s corporations business in Australia and New Zealand.

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