US Legal Support Incorporated will consolidate its credit and collections data into the AvantGard Receivables solution for a single view into its accounts receivable portfolio. The solution will help drive collections and deduction management strategies for improved efficiencies and a reduction in days sales outstanding (DSO) and dispute cycle time and volume. Additionally, the reporting capabilities will offer the ability to access and share information to help accurately forecast cash, track performance and perform root-cause analysis.
âHaving data in multiple locations, plus a shortfall in workflow capabilities, has made managing collections and disputes costly and time-consuming. Additionally, we didnât have the resources or infrastructure to maintain a new system. We selected SunGardâs AvantGard to help us consolidate our data, improve operational efficiencies and obtain greater visibility into our cash flow without having to allocate resources or infrastructure to maintain the solution,â said Steven Drexel, chief financial officer, US Legal Support Incorporated.
âOrganizations like US Legal that are tasked with reducing DSO and improving operations are often challenged by available capital or limited IT resources. For this reason, we offer AvantGard Receivables Xpress Edition; a SaaS* delivered solution requiring no onsite software implementation,â said Jim Mangano, senior vice president, receivables solutions, at SunGardâs AvantGard business unit. âDepending on the requirements of our customers, we can deploy on premises, in a hosted environment or using our Xpress Edition which is SaaS delivered. This flexible deployment option is helping US Legal to have the technology that best fits their business requirements, while keeping operating costs down.â
* SunGard Financial Systems is pursuing a visionary initiative to transform some of the key functionality of its core systems into components creating software-as-a-service (SaaS)-based solutions. Leading this strategy is Infinity, which uses a service-oriented architecture (SOA) development framework, offers a business process management platform (Infinity Process Platform) and a virtualized, on-demand delivery infrastructure.