Solutions for the Middle Market
Small businesses and Middle Market companies are now looking to expand their use of technology to improve liquidity management and working capital. However, many of these companies are challenged by lack of IT resources and technology infrastructure to support the deployment of Receivables, Treasury & Payments solutions. For this reason, many companies have come to AvantGard to take advantage of On Demand solutions, that leverage a SaaS deployment model.
The On Demand or Software-as-a-Service (SaaS) model offers significant benefits for companies looking to minimize operating costs, increase competitiveness and focus on core competencies. The key advantages of using an On Demand solution are lower up front costs, a faster ROI, predictable ongoing expenses, ease of installation, automatic service upgrades, and reduced IT resource requirements. The AvantGard On Demand solutions address these concerns with unprecedented flexibility, scalability, and functionality offering a large selection of features and options, to satisfy the diverse requirements of the customer base.
Receivables, Credit & Collections
Companies of all sizes are faced with requirements to improve cash flow and mitigate corporate risk while minimizing operational costs. However, many small-medium sized companies are unable to meet these challenges due to lack of capital, IT resources, infrastructure, and ongoing system support.
The AvantGard GETPAID On Demand is an online subscription based service whereby companies can access the solution via the Internet to automate credit, collection and dispute management, without installing software. The solution is used by companies to strengthen financial and operational performance including reduction in DSO, increased productivity, reduced bad debt expense, and improved management of internal controls for Sarbanes-Oxley.
Treasury & Cash Management
Middle-market companies are finding that while spreadsheets had historically been satisfactory to manage basic cash management requirements, the global economy and increased regulations and oversight are now creating an increased demand for more sophistication in treasury management.
AvantGard Treasury XE offers cash management for the middle-market. By leveraging a SaaS infrastructure, the solution reduces administrative workload using automated data capture and processing. Information is delivered with a consolidated view of exposure in all markets and is displayed with consistency throughout the enterprise. Forecasting and “what-if” scenarios become easy enough to perform on request. Access is global and immediate through the Internet. Security is centralized and more effectively managed.
Payments Services & Execution
Small Businesses & Middle-market companies are often challenged by manual processing of payments. This is a time consuming task and usually involves hours of manual processing. As a result, payment outflows can not be easily controlled and companies incure higher transaction processing costs.
To help mitigate these issues, AvantGard Payments offers serveral different solutions ranging from automated in-house check printing to outsourced check printing and an online payment portal for fast upload of ePayments. Using the portal, PayNetExchange, companies can upload a spreadsheet of payment advice and the payments are then automatically issued using checks, wires, ACH, or SWIFT.
EcoSystem Connectivity
AvantGard solutions help foster connectivity between suppliers, buyers, banks & other trading partners. When it comes to payments execution, streamlined collaboration is critical; check printing, check & document printing services, PayNetExchange portal and SWIFTNet Connectivity are all available.