Press Releases
Teleperformance Achieves Global Centralization and Connectivity with SunGard's AvantGard Treasury
January 20, 2010 — London, UK
Teleperformance, a leader in contact centre management, has selected SunGard’s AvantGard Treasury to provide it with a hosted treasury solution to help manage its global liquidity, foreign exchange and counterparty risk. The Paris-based company, which has €1.8 billion in revenue and 100,000 staff across 45 countries, will use AvantGard to help gain a complete, real-time view of its cash and risk positions and to help manage its FX exposure in one central database.
SunGard’s AvantGard provides an interface to Teleperformance’s accounting system and its banks in order to collect daily account statements for treasury reconciliation. In addition, the AvantGard eTreasury module helps connect remote users, helping them collect forecasts and obtain updated cash positions, while also assisting the group treasury in providing online treasury services such as budget rates.
“The key reasons for choosing SunGard lie in the integration and automation that we are looking to achieve,” said Thierry Revah, group treasurerat Teleperformance. “The implementation of AvantGard Treasury happened smoothly and was an overall success. The solution has helped us to structure our internal organization. We are now able to capture operational, cash and treasury operations, as well as monitor front-to-back treasury processes, including limits and accounting, in one single application. SunGard is helping us to effectively manage the fast-paced growth of our business.”
Erlend Asker, executive vice president for SunGard’s treasury solutions, said, “We are very pleased that Teleperformance has selected SunGard for its treasury management solution. We are delivering and hosting a truly global application.”
About Teleperformance
Established in 1978, Teleperformance is the global expert in contact center management, creating more value through a better customer experience. Our core business spans the full spectrum of CRM/BPO contact center solutions. Teleperformance has the largest global footprint in the industry with 281 contact centers, presence in 45 countries, servicing over 75 markets and 15 Nearshore and Offshore locations. For more information contact www.teleperformance.com
About AvantGard
SunGard’s AvantGard is a leading liquidity management solution for corporations, financial institutions and the public sector. AvantGard provides chief financial officers and treasurers with real-time visibility into cash flows and increased operational controls around treasury, receivables and payments management. The solution aggregates data for a single view of cash, drives productivity through automation, and fosters collaboration between 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.