Atlas Copcoâs 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 companyâs 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.
âThe 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,â said John Davis, business controller at Atlas Copco.
âAtlas Copcoâs decision to extend its relationship with SunGard through implementing AvantGard Receivables in Australia demonstrates the solutionâs ability to provide organizations with global support and tools for introducing best practices for the improved management of liquidity,â said Tom Clipston, managing director of SunGardâs corporations business in Australia and New Zealand.