Quality Distribution Selects SunGard's AvantGard
Quality Distribution, a provider of bulk transportation and related services, has selected SunGard’s AvantGard Receivables to help automate processes, drive workflow, and increase visibility across the order-to-cash cycle. Effective management of accounts receivable is a critical area to target for liquidity management and process improvements, as it is a key driver of cash, cost containment and customer relationships. According to SunGard, AvantGard provides an end-to-end collaborative financial management solution that is able to touch cash coming in and out of the enterprise at every point, thus giving the CFO and treasurer tools to help drive maximum value from working capital and help reduce risk. SunGard has also acquired XRT’s high-end treasury product lines, Globe$ and TWS. The acquisition includes all current customer contracts, intellectual property, sales, marketing and development assets relating to these product lines as well as responsibility for customer support and maintenance of these products lines. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard’s financial results.