Reduce Operating Costs through Automation of the Order-to-Cash Cycle


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Reduce Operating Costs through Automation of the Order-to-Cash Cycle

Forrester Study Finds That SunGard?s AvantGard GETPAID Helped Customer to Increase Working Capital by $2 Million in First Year of Implementation

C.J. Wimley
Chief Operating Officer AvantGard GETPAID
SunGard

SunGard has announced that Forrester Consulting has completed a commissioned study on the Total Economic Impact (TEI) of AvantGard GETPAID. Using Forrester?s Total Economic Impact methodology, the study examined the potential return on investment (ROI) that companies can realize by deploying SunGard?s AvantGard GETPAID solution for managing accounts receivable.

The study focused on the productivity and financial benefits that can be gained by using AvantGard GETPAID to help improve the efficiency and effectiveness of the credit and collections process. AvantGard GETPAID drives automation, workflow, and collaboration across the order-to-cash cycle, helping organizations optimize working capital through improved management of accounts receivable.

Through a series of in-depth interviews with a SunGard customer using AvantGard GETPAID, the study states that, ?the company was able to significantly improve the productivity of its credit and collections staff by focusing its efforts in the areas of greatest potential return, improving its ability to manage workflow, automating cumbersome manual tasks, and providing quick access to key information.? In addition, the study also finds that the ?implementation of AvantGard GETPAID required minimal resources from the corporate IS department.?

According to the study, the company was able to ?reduce its days sales outstanding [by 5 days in the first year] freeing up working capital and reducing the associated carrying costs, eliminate a large portion of its bad debt expense, and avoid hiring additional credit and collections staff as revenues doubled.?

?The Forrester TEI study offers an objective view of the value that our customers can derive from the AvantGard GETPAID solution,? said C.J. Wimley, chief operating officer at SunGard?s AvantGard GETPAID business unit. ?The study reinforces the ROI studies we have conducted within our customer base and also incorporates additional information relating to the internal costs of the implementation in the ROI analysis.?

The full study can be found at www.sungard.com/avantgard/getpaid.

AvantGard is a leading treasury and risk management solution suite offering Internet/intranet-based currency and commodity trading and risk management, order-to-cash management, cash management and accounting within a single environment. AvantGard provides a secure, real-time link between clients/subscribers and financial institutions and other treasury service providers, offering the internal and external straight-through processing of treasury transactions and information via Internet messaging.

For more information, visit www.sungard.com/avantgard.com.

With annual revenue of $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world?s 50 largest financial services companies.

Visit SunGard at www.sungard.com

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