Press Releases
SunGard's AvantGard Solution Awarded Three SWIFTReady Labels
October 25, 2010 — Amsterdam
SunGard’s AvantGard, a leading liquidity management solution for corporations, insurance companies and the public sector, has been awarded three SWIFTReady labels for 2010. For the fourth consecutive year, SunGard’s AvantGard Payments solution has been awarded the SWIFTReady Accreditation for Corporates Treasury and the SWIFTReady Accreditation for Corporates Cash Management. Additionally, SunGard’s AvantGard Treasury solution has been recognized with the SWIFTReady Accreditation for Corporates Treasury.
“SWIFTReady labels are awarded exclusively to application providers that deliver quality services and products to their customers, while acting in accordance with the highest professional standards. The availability of SunGard applications that support SWIFT’s XML cash management standards are key to helping ensure that customers derive the maximum benefits from SWIFT solutions and are able to connect all of their necessary systems, processes and people,” said Anthony Lavore, partner manager at SWIFT.
C.J. Wimley, executive vice president of corporate solutions for SunGard’s AvantGard business unit, said, “Corporations are pressured to improve efficiencies, achieve connectivity with a variety of systems and gain compliance with regulatory standards. We have collaborated closely with SWIFT to offer our corporate customers payments and treasury solutions that are based on the highest quality messaging standards. We are pleased to accept this accreditation that demonstrates SunGard’s ongoing commitment to delivering solutions that help our customers effectively connect across the complex ecosystem of buyers, suppliers, banks and other trading partners.”
About SWIFT
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 9,500 banking organisations, securities institutions and corporate customers in 209 countries. SWIFT enables its users to exchange automated, standardised financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest.
About SunGard’s 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 technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 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 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, visit www.sungard.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.