Press Releases
SunGard’s AvantGard Receivables Management Solution Helps ARINC Lower Days Sales Outstanding (DSO)
October 12, 2009 — Annapolis, MD
ARINC Incorporated, a company specializing in communications and systems integration for commercial aviation, U.S. defense and government customers,has selected SunGard’s AvantGard for integrated order-to-cash management.
ARINC has used SunGard’s AvantGard Treasury Management solution since 2000, and has now selected SunGard’s AvantGard Receivables solution to help it improve and streamline its collections process, and lower days sales outstanding (DSO). AvantGard Receivables will also help ARINC achieve increased visibility into cash forecasting, improved management of invoice disputes and the ability to gain a better view into historical data for analysis of payment trends.
Dawn Connell, director of corporate billing and accounts receivable at ARINC Incorporated, said, “SunGard has provided us with quality solutions and first-rate support throughout the years. By implementing a solution that is able to provide us with strategic and integrated collections management, we are able to more effectively collect on outstanding invoices and in effect better plan funding and investments.”
C.J. Wimley, executive vice president of corporate solutions of SunGard’s AvantGard business unit, said,“ARINC’s decision to expand its relationship with AvantGard for receivables management demonstrates the quality technology and support that SunGard provides to its customers. Efficient and effective receivables management is integral to the financial stability of any corporation. AvantGard helps give companies visibility and a proactive approach to collections management, to help them improve cash flow and reduce bad debt expense.”
About ARINC Incorporated
ARINC, which originated as Aeronautical Radio, Inc., is a high flyer in communications and systems integration. Commercial aviation, US defense, and government customers rely on ARINC's communications products, IT know-how, and engineering expertise to make their operations run smoothly. ARINC's broad range of products and services cover airport security, air traffic management, aircraft and satellite testing, modeling and simulation, network design, passenger and baggage processing, voice and data communications, and weather reporting. Founded in 1929 and serving customers worldwide, ARINC has operations in the US, Europe, and Asia. It was acquired by private investment firm The Carlyle Group in 2007.
About AvantGard
SunGard’s AvantGard is a leading liquidity management solution for corporations, insurance companies and the public sector. AvantGard provides chief financial officers and treasurers with real-time visibility into cash flows and increased operational controls around receivables, treasury and payments. AvantGard helps companies drive free cash flow and reduce inefficiencies across the ecosystem of suppliers, buyers, banks and other trading partners. For more information, visit www.sungard.com/avantgard.
About SunGard
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Trademark Information: SunGard, the SunGard logo and AvantGard are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.