Unlock Your Receivables
Managing credit and collections cost-effectively has never been more critical. Companies are dealing with resource constraints and more accounts are paying slower. As a result, a greater number of accounts are in collections, contributing to rising costs, higher days sales outstanding (DSO) and write-offs.
SunGard’s AvantGard addresses this challenge by providing a fully integrated, web-based Order-to-Cash solution that enables companies to achieve significant financial and operational benefits. AvantGard Receivables Management drives automation, workflow and collaboration across the Order-to-Cash cycle, with detailed analysis and reporting capabilities for decision support.
Additionally, companies can leverage a company’s internal A/R data in a specific statistical-based portfolio model designed for credit and collections management. Statistical modeling leverages customer payment history and accounts receivable files in order to predict the likelihood of delinquency or bad debt. This information can then be used to drive collection strategies and improve credit decisions
How SunGard can help?
- Comprehensive credit risk management with custom scoring, integrated third party data, order hold-release, credit line determination, risk alerts, web based credit application processing and automated review workflow
- Strategic approach to collections management with automated creation of work queues, sending of reminders, and routing of disputes
- Statistical modeling of delinquency risk to improve credit & collections effectiveness
- Real-time cash application, integrated with collections, dispute resolution, and a customer self-service portal
- Portal access to foster collaboration with customers, sales, service and other trading partners including credit data bureaus, agencies and banks
Benefits:
- Mitigate corporate credit risk and reduce bad debt expense
- Increase cash flow / lower DSO
- Reduce past due A/R
- Expedite dispute resolution cycle time
- Improve cash application hit rates
- Improve productivity and reduce manual processing
- Trade credit risk analysis
- Predictive data modeling & behaviour analysis
- Risk tracking with automated alerts based on fluctuations
- Customer level credit review workflow
- Invoice dispute workflow: notification & tracking
- Root-cause analysis
Video Presentations
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Joe Prudente, vp of worldwide credit, Future Electronics discusses how the company improved the efficiency and effectiveness of their worldwide credit and collections operation.
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Hear about the challenges of managing a global credit operation and how AvantGard GETPAID helps Dresser.
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Nidec Motors gains a global, centralized view of its A/R portfolio, reduces its deductions volume and improves cash flow.