Quality Distribution, a provider of bulk transportation and related services, has selected SunGard’s AvantGard Receivables to help automate processes, drive workflow, and increase visibility across the order-to-cash cycle. Effective management of accounts receivable 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. According to SunGard, AvantGard provides an end-to-end collaborative financial management solution that is able to touch cash coming in and out of the enterprise at every point, thus giving the CFO and treasurer tools to help drive maximum value from working capital and help reduce risk. SunGard has also acquired XRT’s high-end treasury product lines, Globe$ and TWS. The acquisition includes all current customer contracts, intellectual property, sales, marketing and development assets relating to these product lines as well as responsibility for customer support and maintenance of these products lines. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard’s financial results.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
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Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.