Payformance Teams with SunGard to Provide Corporate Payments Solution
Payformance Corporation has signed an agreement with SunGard to provide an accounts payable solution to customers of SunGard’s AvantGard solution for treasury and cash management. According to Payformance, combining PaySpan with AvantGard ETX provides an alternative to in-house payment production, helping customers to realize increased efficiencies and cost reductions through the transition to electronic payments according to Payformance. Using the ASP-based AvantGard service, customers can access the secure, online capabilities of PaySpan for Accounts Payables, to upload files, track jobs, manage delivery options and generate reports on all activities. SunGard AvantGard has also been selected by London-based Genesis Housing Group for its treasury operation. Genesis selected AvantGard to support the group’s treasury management requirements arising from its housing association activity in London and the South East of England. AvantGard will be deployed to collect data from across the group for centralized cash liquidity forecasting.