AvantGard Brochure CFM

8/3/2019 AvantGard Brochure CFM

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CollaborativeFinancialManagement

AVANTGARD


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The intrinsic value o a corporation is based upon itsability to drive ree cash fow in a predictable ashion.

Corporations today are challenged by manual processes,

disparate systems and lack o workfow automation.

AvantGard helps address these requirements

by oering holistic applications designed to

drive stringent treatment o trade receivables,

sophisticated treasury and cash management and

coordinated execution o payment processing.

AvantGard optimizes receivables, treasury and

payments operations and then helps corporations

connect across the EcoSystem. Corporations can

reduce riction and increase the velocity o ree cash

fow by ostering collaboration between buyers,

suppliers, banks and other trading partners.

With the ability to manage and track cash fows, capitalallocation, capital at risk and intraday liquidity companies

can optimize, predict and protect their liquidity and thus

help maximize the intrinsic value o their corporation.

Increase cash owand lower bad

debt expense

Improve visibility

to cash & risk

Decrease manal

processing and

redndancy

Foster collaboration

with trading partners

COLLABORATIVE FINANCIAL MANAGEMENT


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RECEIVABLES, CREDIT

AND COLLECTIONS

Corporations increasingly view themanagement o working capital,particularly accounts receivable (A/R), asan important measure o a companysnancial health. However, oten theseoperations are highly inecientconsidering the lack o integrated

systems that organizations are relyingon or order-to-cash management.

SunGards AvantGard addresses thischallenge by providing a ully integrated,Web-based order-to-cash solutionthat enables companies to achievesignicant nancial and operationalbenets. AvantGard can help companiesimprove cash fow, reduce past dueA/R, decrease bad debt expense andmitigate corporate credit risk.

Credit Risk Facilitation:Create customscore cards and set customers on regularreview cycles to consistently measuretotal exposure across the enterprise.

Strategic Collections:A strategicapproach to collections managementthat allows organizations toautomatically build work queuesand send mass communication.

We lowered our DSO,decreased past due A/Rand reduced our bad debtreserve by 20%. With theincrease in cash ow,Dresser also increased

working capital which helpedus not only completely undongoing operations, butcontributed substantially topay $115 million in optionaldebt prepayments.

Bill Uhrich, Directoro Corporate Credit,Dresser


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Dispute Resolution:Congurableworkfow helps manage disputeresolution, including automatedassignment, notication & tracking.

Cash Application:By leveraging thedata inherent in the collections anddispute management system, companiescan improve hit rate accuracy byutilizing valuable inormation gathered

during the collections process.

Dashboards & Reporting:Cashfow orecasting and daily trackingo credit, collections and disputeperormance data can help organizationsbetter manage liquidity.

EcoSystem Connectivity:Theorder-to-cash cycle involves manyareas outside o the core creditunction. AvantGard helps to osterconnectivity across the EcoSystem:

CreditDataFeeds

RemittanceDataCapture

CustomerPortal

Sales&ServicePortal

PaymentFeeds

ElectronicInvoice Presentment&Payment

PROVEN RESuLTS

Company Name: HenkelIndustry: Manuacturing & Adhesive TechnologiesEnvironment: DecentralizedLocation: GermanyRevenue: $6 Billion (North America)

Henkel currently utilizes the AvantGard Receivablessolution in its shared service centers to helpdrive cash fow and to support operationaleciency across the order-to-cash lie cycle. Thecompany has seen many benets in the ormso unlocked cash stemming rom better visibilityinto credit and collections data, enhancedreporting and improved productivity rates.

Soltion Benefts Derived:

DecreasedpastdueA/Rby20%

AchievedROIwithin2months

Centralizedoperations

Improvedproductivity

Reducedmanualprocessing

Centralizedcredit&collections

Improvedcashforecasting


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TREASuRY MANAGEMENT

Historically, treasurers have beenresponsible or managing cash, marketrisk and ensuring that the company hasaccess to sucient sources o unding, aswell as dealing with complex complianceissues. However, this role has expandedin recent years. The transormation hasbeen driven by changes in inormation andcommunication technologies, increasedmandates around regulatory compliance andthe emergence o a truly global economy.

Treasury, risk and cash management solutionscan help you meet these challenges bydelivering enabling technology to help

drive integration, automation, visibility andcollaboration, while also oering modelingand analysis tools to help manage risk,maximize liquidity and drive growth.

Cash Forecasting:Comprehensive cashorecasting with the ability to look atnet cash positions at dierent intervalsor deciding on investment maturitiesand borrowing requirements.

Cash Management:Centralizedata rom multiple sources or daily

or intra-day cash positioning, bankcommunication, reconciliation, cashorecasting, zero-balancing pooling andmultilateral nettingto name a ew.

Risk Modeling:A holistic view o riskrom an integrated dealer desktop thatcombines market risk management andperormance measurement capabilitiesacross all o the positions that thetreasury department manages.

We chose to implement theAvantGard Treasury Solutionbecause we wanted to

improve visibility into ourdaily cash positions. Thesolution has thus ar met allo our demands, providingour treasury with the toolsnecessary in order to makethe best possible businessdecisions and ultimately

increase revenue.

Jeannot Jonas, DirectorGlobal Treasury Operations,Goodrich Corporation


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Debt & Investment Management:Debtand investment management covers a widerange o asset classes including: multipleunds or portolios, borrowing acilities

and credit lines, short-term cash/moneymarket unds, certicates o deposit (CDs)and other discounted securities, mutualunds, equities, commodities, capital marketand debt instruments. The managemento ees on debt acilities and issuance isintegrated into the solution and revaluationsare based on up-to-date market rates.

FX & Interest Rate Management:Movements in market FX and interest ratescan substantially aect a companys income.The availability o up-to-date market rates to

value current positions and assess the impacto uture market movements is critical.

As well as reducing risk, a secureintegrated ront-to-back system to managetransactions that are associated with themanagement o these risks will lead tocost savings by increasing operationaleciency through straight-through-processing(STP)andconnectivitywithmarket rate providers and trading portals.

Hedge Accounting:As well as handling

the processing, valuation and accountingo derivative transactions, todays treasurerneeds an integrated solution that can helpensure hedging policy achieves compliancewith the latest accounting standards.Hedge accounting can be complex andopen to interpretation, thereore fexibilityin terms o valuation and reporting is key.

Dealing:A critical component o thetreasury unction is to have ample accessto data. With AvantGard, the dealer canuse an integrated desktop that oers

all the inormation required or pre-dealdecision making, such as up-to-the-minuteposition reporting, pricing tools and creditlimit checking. The fexible user interaceis designed or ast recording o thetransaction where it is done over the phoneorseamlessSTPwhereaportalisused.

Netting:AvantGard Netting provides acomprehensive multilateral solution thatallows a global organization to ecientlymanage inter-company transactionsand to settle them internally, reducing

the number o external payments,cross border fows and FX deals.

eTreasury Working with RemoteLocations:The drive or transparencyand a single view o cash and risk acrossan organization is oten daunting, as somany organizations operate with businessunits or subsidiaries. An eTreasuryportal gives remote locations the abilityto submit nancial transactions andunding requests as well as orecastinormation to the central treasury.

Bank Account Compliance & FeeAnalysis:Operating in a global economyoten means that cash is deposited indisparate bank accounts around theworld and the structure o these bankaccounts is sometimes complex. As anextension to existing treasury systemunctionality, this solution supports andsimplies the certication process andaudit requests each quarter, making itpart o the standard bank relationshipmanagement process within the treasuryand also allows or ee tracking & analysis.


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GL Reconciliation:In order to reducerisk and costs, it is essential or anycompany to reconcile their balancesheet accounts as regularly as possible.

Engaging in this activity will help toidentiy transaction disparities beore theybecome costly mistakes. Factors suchas dierences in the timing o paymentscan cause an account to be mismatchedand thereore drain cash that could havebeen directed towards increasing thebottom line prot or reducing debt.

Money Market Portal:Diversiy yourportolio and maximize your investmentreturns by interacing treasury operationswith a money market portal over the

SunGard Transaction Network (STN). Themoney market portal oers a solutionor corporations looking to diversiy theirshort-term investments, enhance returnsand better manage cash holdings acrossthe organization. Research, analyze, tradeandreportonmorethan150moneymarket unds through a single connectionusing a direct and ully disclosed model.

EcoSystem Connectivity:The treasuryoperation is ast evolving and otenrequires interacing with trading

partners and entities outside o the coretreasury area. AvantGard helps to osterconnectivity across the EcoSystem:

Banks

FX&TradingPlatforms

MoneyMarketPortal

RemoteSubsidiaryLocations

SWIFTNet

MarketRateProviders

PROVEN RESuLTS

Company Name: South Arican Airways (SAA)Industry: AirlinesEnvironment: Centralized

Location: Global OrganizationRevenue:2.9BillionUSD

As a result o signicant corporate restructuring,as well as diversication o treasury activities,including entrance into the market ocommodities trading, Aricas leading airline,SAA decided to implement AvantGard Treasuryor automated treasury management. SAA wasable to streamline its treasury business, gainvisibility into data and achieve compliancewith regulatory standards or accounting andhedging, with the help o AvantGard Treasury.

Soltion Benefts Derived:

Institutedcontrolsforaccounting& hedging compliance

Introducedstructuredprocessesandworkow

Optimizedtreasuryprocesseswithautomation

Improvedvisibilitywithacentralrepository or data


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PAYMENTS PROCESSING

AND ROuTING

Many corporations are challenged by lack

o inrastructure or integration o electronicpayments and check printing capabilities.They also rely on a ragmented arrayo tools and are striving to improveoperational eciencies and comply withregulations such as Sarbanes-Oxley (SOX)andSingleEuroPaymentsArea(SEPA).

SunGards AvantGard suite o paymentssolutions help to streamline the processingo payments, regardless o ormat, bydelivering routing, connectivity, integrationand processing support. AvantGard helps

to reduce transactional costs and improvethe management o payment inormation,exceptions and statement fows.

Payment Factory:In addition to drivingeciencies and cost containment,AvantGardPaymentsFactoryofferscomprehensive data management,workfow, routing, approval processingand payment execution. With increasedvisibility and control, organizations canreduce error, decrease transactional costsand gain visibility to payment out-fows.

PayNetExchange:The online AvantGardportal,PayNetExchangeallowscompaniesto upload payment instructions orexecution via automated clearinghouse (ACH), wire, SWIFT, credit card,check and other payment methods.By leveraging the centralized SunGardAvantGard Vendor Database, companiescanquicklymigratetoePaymentswitheasy access to supplier bank details.

SWIFT Connectivity:AvantGard delivers

the back-end inrastructure and interacesnecessary to participate in the SWIFTnetwork using both direct and in-directservice options. With in-direct connectivity,SunGard can act as your service bureauprovider as well as administrator viathe member concentrator program.

Payments Outsourcing:For companiesseeking to eliminate the unction opayments processing, AvantGardoers fexible solutions to acilitate

the transer o data and execution to aSunGard acility. This includes processingpayments in multiple ormats (checks,wires, SWIFT, ACH...) and currencies.

Check & Document Printing:Supportingcheck payments remains a critical unctionor many organizations today. SunGardoers a suite o payment servicesincluding in-house and outsourcedcheck print and mail solutions.

Direct Debit Factory:Supporting

payments processes can also includethe creation o a direct debit actoryor in-bound recurring payments.

EcoSystem Connectivity:Paymentsprocessing requires connectivity andcollaboration across the EcoSystem:

SWIFTNet

SupplierNetwork

ACHPayments

Banks

CheckPrinting

Print&MailServices

SunGards AvantGard has helpedus to reduce costs and improve

our compliance capabilitiesby centralizing all our globalpayment processing operations.

Xavier Hourseau, Treasury InormationSystem & Back Ofce Director,Alcatel-Lucent


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FLEXIBLE DEPLOYMENT OPTIONS

AvantGard oers a holistic approach tosolution delivery including applicationdelivery, inrastructure and domain

expertise. Customers can opt todeploy the AvantGard applications in-house, as a license-based model, asanASPorinahostedenvironment.

Hosting Services:Hosting systems with a3rd party is an alternative approach thatcan help lower total cost o ownership(TCO) and ensure that the business hasaccess to the technology that it needs,but without impacting the local ITdepartment and inrastructure. SunGardAvantGard takes this to the next level byoering hosting via a domain expert.

AvantGard On Demand:ASPdelivery o Treasury, ReceivablesandPaymentssolutionsallowscustomers to access the solution via asubscription based web application.

TOTAL PRODuCTION SuPPORT

Application Management:By entrustingSunGards domain experts to take

responsibility or all o the technical taskssurrounding the support and upkeep otheir sotware solutions, customers havemore time to concentrate on utilizing theirsystems to meet their business goals.

System Integration:Most corporationstodayoperateononeormoreERPsystems and then also must connectacross a labyrinth o legacy and partnersystems.TofosterSTPwithreducedriction and ease o operation, SunGardoers standard system interaces as well as

consulting services or system integration.

Business Workfow:At each point inthe EcoSystem there exists transer oinormation and workfow. Certain areasrequire that workfow is conguredto match in-depth business processesbeyond the workfow inherent in theAvantGard solutions, or this we oerenterprise workfow solutions conguredto meet your specic requirements.

THE AVANTGARD ADVANTAGE

AvantGard delivers solutions to osterCollaborative Financial Management(CFM), a business process and

integration method that is reshapinghow organizations manage receivables,treasury and payments by linkingthese processes into a completeorganizational view o cash and risk.

The CFM ramework helps streamlineenterprise wide interactions andcoordination between an EcoSystem osuppliers, buyers, banks, trading partnersand customers by aggregating enterprise-widenancialdata,promotingSTPandfosteringreal-timecollaboration.UsingAvantGard solutions, customers canimprove communication, gain real-timevisibility to cash fows and perorm detailedanalysis or critical business decisions.

The complete solution aggregates data ora single view o cash, drives productivitythrough automation, osters enterprisewide collaboration and acilitatesconnectivity between the ecosystemo suppliers, buyers, banks and tradingpartners. Our customers turn to AvantGard

to help improve management o workingcapital, mitigate risk and strengtheninternal controls or regulatory compliance.


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www.sungard.com/avantgard

Trademark inormation: SunGard, the SunGard logo, and AvantGard are trademarks or registered trademarks o SunGard Data Systems Inc. or itssubsidiariesintheU.S.andothercountries.Allothertradenamesaretrademarksorregisteredtrademarksoftheirrespectiveholders.

2009 SunGard.

For more inormation, contact us at [email protected]

Americas

Calabasas, Caliornia

Chicago, Illinois

Jacksonville, Florida

Parsippany,NewJersey

Stamord, Connecticut

San Mateo, Caliornia

Western Europe

Copenhagen, Denmark

Frankurt, Germany

London,UnitedKingdom

Mechelen, Belgium

Paris,France

Asia

HongKong,China

KualaLumpur,Malaysia

MakatiCity,Philippines

Seoul,SouthKorea

Shanghai, China

Singapore

Taipei, Taiwan

Tokyo, Japan

Australia/New Zealand

Christchurch, New Zealand

Melbourne, Australia

Sydney, Australia

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