Corporations that operate across countries are often required to maintain multiple banking relationships. In order to make payments and collection account statements, they are often forced to create and maintain numerous connections with proprietary banking systems. Managing all of these connection points can put undue strain on in-house IT resources, drive up administrative costs, and increase operational risk.
The international SWIFT network helps address these growing challenges by allowing corporations to use SWIFTNet for all their bank communication requirements. SWIFT handles cross-border payments for more than 10,000 financial institutions and corporations in 210 countries, letting them exchange financial information securely and reliably and thereby lowering costs and reducing risk. For corporations, SWIFT provides a single standardized access point to worldwide banking partners for cash and treasury management along with trade and supply chain services.
While many corporate treasuries are turning to SWIFTNet, implementing and maintaining in-house SWIFT connectivity can be costly and time-consuming.
Flexible SWIFT Connectivity Options
While many corporate treasuries are turning to SWIFTNet, implementing and maintaining an in-house connection with SWIFT can be costly and time-consuming. AvantGard offers managed bank connectivity through an embedded SWIFT Service Bureau (SSB) located in either North America or Europe.
SWIFTReady Services to Simplify Your Experience
As a SWIFTReady consultancy, the SunGard AvantGard Syntesys team can both help you get started with SWIFT and maintain an optimal SWIFTNet connection.
- Full suite of services to initiate and maintain an optimized SWIFTNet connection
Embedded integration with AvantGard solutions enables efficient Straight-through processing (STP)
Integration with back-office systems maximizes deployment flexibility
Advanced security controls help ensure system integrity and compliance
Standardized data connections lower Total Cost of Ownership (TCO)
Minimal effort required to comply with evolving SWIFT formats and protocols
SWIFT certified solutions and services demonstrate our proven expertise
Andrew Owens, managing director, Global Payments, SunGard's AvantGard discusses the benefits of SWIFT connectivity, standardization & centralization as well as payment factories and corporate transaction banking.
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Luc Belpaire, product director, payments, SunGard's AvantGard discusses the value of the SWIFT network and the AvantGard Corporate Transaction Banking.
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Learn more about SWIFTReady certification programmes.