|
|
 | ||
| ||
|
|
|
News < Back Sarbanes Oxley : Technology : Spend Management Manage Growth and Improve Operational Efficiency AvantGard GETPAID Selected to Support Six Sigma Initiatives and Drive Automation Across the Order-to-Cash Cycle
?We selected AvantGard GETPAID to help us manage corporate growth while minimizing our operational costs,? said Gord Zivanovic, corporate Six Sigma at Huntsman. "AvantGard GETPAID will also help us to improve invoicing transparency and control, and provide analysis for ongoing process improvements.? The Order-To-Cash process links key activities in the financial value chain, including credit analysis and approval, cash collections, dispute resolution, cash application, and financial analysis and reporting. Historically, these operations have been highly inefficient due to the lack of automated and integrated systems for Order-to-Cash management. Effective management of accounts receivable is a critical area to target for process improvements as it is a key driver of cash, cost containment and customer relationships. ?A well-orchestrated strategy of cost management, working capital management and technology-driven productivity can have a significant impact on cash flow and margins,? said C.J. Wimley, chief operating officer, SunGard?s AvantGard GETPAID business unit. ?Many organizations have identified the finance and credit operation as a key area for efficiency improvement. Compounding this trend is the mandate for regulatory compliance. AvantGard GETPAID is helping companies address these challenges through the use of Order-to-Cash automation and collaboration technology.? Business process optimization through quality initiatives such as Six Sigma can help revitalize companies and produce bottom-line results. Fine-tuning processes around the treatment of trade receivables helps yield ROI improvements as evidenced through lower DSO, reduced bad debt expense, interest expense savings and increased productivity. Huntsman Huntsman is a global manufacturer and marketer of differentiated and commodity chemicals. Its operating companies manufacture basic products for a variety of global industries including chemicals, plastics, automotive, aviation, footwear, paints and coatings, construction, technology, agriculture, health care, textiles, detergent, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging, and later, rapid and integrated growth in petrochemicals, Huntsman today has 11,300 employees, 57 operations in 22 countries and had 2004 revenues of $11.5 billion. Visit Huntsman at www.huntsman.com AvantGard 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. SunGard 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 
|
|
|
||||||||||||
 | |||
| |||
| |||
|
© 2019 Simplex Knowledge Company. All Rights Reserved. | TERMS OF USE | PRIVACY POLICY |
