SunGard Launches AvantGard EcoSystem Communication Service
SunGard has launched AvantGard EcoSystem Communication Service, a technology infrastructure that links the participants of the corporate commercial ecosystem. By leveraging the technology and customer relationships formed around SunGard’s AvantGard solutions for receivables, treasury and payments management, the AvantGard EcoSystem Communication Service helps streamline connectivity between corporations, banks and other trading partners. The service helps corporations benefit from streamlined communications, and helps banks focus on the delivery of innovative value-added services to their corporate clients.
For corporations, the AvantGard EcoSystem Communication Service helps deliver lower total cost of ownership, increased transparency and ease of operations. It provides banks with more streamlined access to their corporate clients helping banks provide them with faster delivery of value-added services.
“The corporate commercial ecosystem has often been described as the most inefficient market in the world,” said Ken Dummitt, president of SunGard’s corporations business. “An inefficient market is typically characterised by lack of data and transparency and a high degree of transactional friction cost. It is clear that no one entity can provide all of the elements necessary to affect the fundamental shift required to bring efficiency to cash management. What the corporate commercial ecosystem needs, like any ecosystem, is a community leader. With the launch of the AvantGard EcoSystem Communication Service, SunGard is strongly positioned to provide that leadership by bringing together the network of participants for improved transparency, efficiency and connectivity.”