AvantGard Payments

Many corporations are challenged by lack of infrastructure to support harmonized payments processing, electronic payments and integrated check printing. Often executing payments via fragmented systems and manually from spreadsheets, they see the need to improve operational efficiencies and comply with regulations. AvantGard Payments helps streamline payments processing through data consolidation, workflow and approval routing via the Payment Factory and then facilitates connectivity for payment execution through SWIFTNet, exchanges and an online Portal for payment processing. Corporations can reduce transactional and operational costs, improve security and gain visibility to payment flows for improved liquidity management.

Features

  • Provides tools for entry and processing of manual payments
  • Includes flexible set-up of roles & responsibilities between local affiliates and the central treasury department and modules for account statement data retrieval and deal confirmations processing
  • Delivers a single, secure, standardized communications infrastructure for integration, security & audit compliance and advanced payments processing
  • Includes back-end infrastructure and interfaces for SWIFT network participation, including connection via SunGard’s service bureau
  • Automatically generates image and data remittance information for each payment relayed across the wires from the bank to various payee bank deposit accounts
  • Executes electronic payments over the ACH network
  • Provides outsourcing of MICR check printing and delivery

Benefits

  • Helps realize company-wide centralization of payment processing connectivity with local subsidiaries
  • Improves control by allowing payment capture and processing, account statement retrieval and reconciliation within a single centralized solution
  • Provides visibility to cash flows to help identify least cost routing
  • Bridges the gap between internal systems and SWIFT's interfaces in an entirely secure manner and offers the appropriate interface for handling the validation and approval workflow
  • Reduces payment costs, decreases fraud and increases payment efficiencies
  • Complies with payment industry standards and regulations, including SEPA

Brochures & Datasheets

  • AvantGard Check Printing

    A Web-enabled payment outsourcing solution for the printing and delivery of checks for corporations, including accounts payable checks, payroll checks, rebate checks and refund checks.

  • AvantGard Payment Factory

    A single payment solution that automates and centralizes a company’s payments processing across regions, helping to improve cash flow visibility and reduce costs.

  • AvantGard PayNetExchange

    A Web-based electronic payment solution that helps corporations transition their accounts payable disbursements to electronic payments.

  • AvantGard SWIFT Connectivity

    Collaborates with SWIFT to provide corporations with a cost-efficient and direct means of connecting to banks.