SunGard has acquired The Getpaid Corporation, a provider of accounts receivable and collections management software for working capital optimization. The terms have not been disclosed but the transaction is not expected to have a material impact on SunGard’s financial results. The Getpaid software will be part of SunGard’s AvantGard enterprise treasury solution suite, and will be called AvantGard Getpaid. Sungard hopes that AvantGard Getpaid will help corporations to automate the entire financial value chain from customer order-to-cash management, while gaining real-time visibility into their enterprise cash position. Ken Dummit, president of SunGard’s AvantGard business unit, said, “Improving working capital management is a strategic corporate priority. The majority of corporate treasuries of all sizes continue to rely on non-integrated, labor-intensive (even paper-based) processes for working capital management, most of which are inefficient and prone to errors.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more