Solutions for the Public Sector

With the passing of each new regulation and increased competition, more attention and scrutiny are focused on the accounting and management of investments in both the public and private sectors.

For this reason, government organizations require immediate access to complete and accurate financial information, especially to cash flows and investments under their control.  Many regional, municipal, state and local treasurers have improved management practices affecting the areas of cash management, payment processing, investing and disbursement control; leading to improved cash flows and operational controls.

Treasury & Cash Management
Many governments routinely handle deposits, withdrawals, redemptions of state warrants, and investments of state funds. A dynamic and complex economic environment along with stringent government regulations, require governments to leverage a technology solution to help gain control over their investment, cash and accounting management.

The AvantGard solution handles Treasury operations for investments, cash management and collateral processing. Governments can keep an account of all money received and disbursed for over multiple bank and fund accounts, and multiple agencies.

Features:

  • Support straight-through Processing and Cash Visibility for Investment and Accounting services
  • Automate Collateral Rprocesses Enabling Efficient Investment Reporting
  • Centralize Cash Collection & Disbursement of Government Aid funds, Local Sales and Use Taxes
  • Improve Custom Reporting and Visibility
  • Enhance effectiveness of Internal Controls of Government Cash Transactions
  • Optimize Tax Payers' Dollars

Investment Accounting & Portfolio Management
AvantGard offers an investment accounting and portfolio management for the back-office that provides accounting with securities tracking, regulatory compliance, report writer and full import/export capability. The AvantGard APS2 solution integrates trading, operations and back-office accounting functions and provides interfaces to the G/L, ALM, market data services and other third party systems.

Customers benefit from full investment accounting and portfolio management capabilities ranging from complex asset classes, such as ABS/CMO/MBS/TBA securities, to full collateral management, custodial reconciliation, exception notification, and regulatory reporting.

Features:

  • Online real-time access to current and historical investment data
  • Debt and derivative accounting and management information
  • Custodial reconciliation
  • Ad-hoc reporting with accounting and management reporting tools
  • Full download export of data
  • Data warehouse of market information
  • Interfaces to pricing vendors, Trade Order Management Systems, General Ledger and Asset/Liability systems
  • Hosting capabilities with SAS 70 Type II audit
  • Disaster Recovery (hosted clients only)

AvantGard APS2 is a modular solution to provide money market instruments to the more sophisticated MBS, CMO, strips, multi-currency and derivatives-based portfolios. Government treasurers also benefit from the add-on fund accounting/interest apportionment, cashiering, and cash flow modules.

Payments Processing / Direct Debits / Check & Document Printing
When considering payments execution & outsourcing, SunGard is uniquely positioned to deliver a comprehensive solution that consists of payment workflow & routing as well as execution via SWIFT, ACH, Wire, or checks.

  • Payments Routing, Workflow & Approval
  • ePayments Conversion & Execution
  • Check to ACH Conversion
  • Check Printing (In-house or Outsourced)
  • Print and Delivery or Electronic Presentment of Financial Documents
  • Direct Deposit Advices
  • Billing, Invoices & Statements
  • Wage / Tax Form Notifications (i.e. W-2s, 1099s, 1098s, 5498s...)
  • Direct Debit Processing
  • SWIFTNet Connectivity

EcoSystem Connectivity
AvantGard helps governments to streamline operations, gain visibilty to cash & risk and optimize internal processes around payments workflow & execution.  Read more detail around Treasury, Payments and Reconciliation.