Business Finance Magazine Names SunGard?s AvantGard GETPAID

SunGard today announced that Business Finance Magazine has named the AvantGard GETPAID solution to its Best-of-Breed Technology List. The list is featured in the ?Best-of-Breed Software Niches Deepen? article in Business Finance?s July issue. AvantGard GETPAID helps companies to automate processes and drive workflow across the order-to-cash cycle helping to improve management of free cash flow.

AvantGard GETPAID customer Jerry A. Drake, financial services manager at Viracon Inc., a fabricator of glass for the architectural industry based in Owatonna, Minnesota, was quoted in the article. “We’ve found the credit management solution from GETPAID, which we went live with in July 2003, cuts down on the number of people we need working in credit and collections, and we can take on more marginal accounts because we can monitor those accounts more closely,” said Mr. Drake.

?We are honored to be recognized by Business Finance Magazine as a Best-of-Breed solution for credit management,? said C.J. Wimley, chief operating officer of SunGard?s AvantGard GETPAID business unit. ?AvantGard GETPAID helps companies improve productivity and gain visibility across the order-to-cash cycle. Effective credit risk management plays a key role in that process. AvantGard GETPAID helps companies monitor accounts with custom credit scoring, automated credit reviews, credit risk alerts, and management dashboards. Integrating credit risk management with collections helps companies minimize bad debt expense and improve cash flow.?

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. AvantGard provides an end-to-end collaborative financial management solution which is able to touch cash coming in and out of the enterprise at every point, thus giving the CFO tools to help drive maximum value from working capital and help reduce risk.