Multiple Customers of SunGard's AvantGard Solution Recognized in Treasury Today's Adam Smith Awards

NEW YORK — Customers of SunGard‘s AvantGard treasury solutions have been recognized by Treasury Today’s Adam Smith Awards for demonstrating tangible results due to their implementation of information technology. SunGard customers recognized include Alcatel Lucent, Honeywell and Randstad Pty Ltd. Honeywell received the highest honor of "Treasury Today’s Top Treasury Team – an Award for overall excellence."

The Adam Smith Awards are intended to recognize outstanding achievement in solutions that have been implemented, or are in the process of being implemented, within the corporate treasury, receivables or payments environment. "The judging criteria for these awards are tough and the competition is extremely strong. Winning entries needed to demonstrate tangible results in the form of cost savings and above average ROI, through to exceptional implementation and quantitative improvements in efficiency. To win an award is therefore a significant accolade for the winner and the supplier they are working in partnership with," said Richard Parkinson managing director of Treasury Today.

"AvantGard Payments has played a large role in helping us achieve this recognition, as this solution has aided us in reducing costs and improving compliance through the global centralization of payment processing," said Xavier Horseau treasury information system and back-office director at Alcatel-Lucent.

Erin O’Brien, group manager of payables and receivables at Randstad, said, "We are honored to have received the Treasury Today Adam Smith Award. As soon as we implemented SunGard’s AvantGard for receivables management we were measuring positive results. We are thrilled that our success in optimizing order-to-cash processes within our shared service center’s A/R department has been recognized."

Ken Dummitt, president of SunGard’s corporations business, said, "We are pleased that so many AvantGard customers have received accolades in the Adam Smith Awards, as it exemplifies our ongoing commitment to delivering solutions that combine technology with best practice consulting and support services. Furthermore, this recognition serves as affirmation that SunGard solutions are flexible and robust enough to support the weight and diversity of organizations doing business within a truly global ecosystem."

About AvantGard
SunGard’s AvantGard is a leading liquidity management solution for corporations, insurance companies and the public sector. AvantGard provides chief financial officers and treasurers with real-time visibility into cash flows and increased operational controls around receivables, treasury and payments. AvantGard helps companies drive free cash flow and reduce inefficiencies across the ecosystem of suppliers, buyers, banks and other trading partners. For more information, visit www.sungard.com/avantgard.

About SunGard
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world’s 25 largest financial services companies.

SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.

With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at www.sungard.com.