Sanden International (USA), a manufacturer of air conditioning compressors for vehicles, has implemented SunGard’s AvantGard Receivables (GETPAID) in a software-as-a-service (SaaS) environment to help lower days sales outstanding (DSO) and reduce invoice dispute cycle times through automation of collections and dispute workflow.
With AvantGard Receivables, Sanden International has migrated its manual, spreadsheet-intensive collections and dispute management processes to an automated, centralised environment that will help improve operational efficiencies; drive better collection strategies; assign, notify, and track disputes for timely resolution; and help increase cash flow. Deploying the solution in a SaaS-based environment will also help Sanden International benefit from reduced upfront costs, ease of implementation, automatic service upgrades and reduced IT resource requirements.
Markette Plummer, accounts receivable (A/R) supervisor at Sanden International, said: “We implemented SunGard’s AvantGard Receivables because it provides our required functionality and an experienced team of experts. We now have visibility into the cash coming into our organisation and have the means to more efficiently collect that cash for increased cash flow. By opting to deploy AvantGard Receivables in a SaaS-based environment, we have also been able to reduce our dependency on internal resources.”
A global survey of 200 corporate treasurers by Temenos and Ovum shows that many expect at least some banking services to relocate away from London.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A survey by Hays Treasury finds that more than one in three regard it as the main issue over the next 12 months, but new technology and cybercrime is a close second.
An AFP survey finds that relationships are placed ahead of a bank’s credit ratings in importance, for the first time in 11 years.