Revera Selects AvantGard to Automate Treasury, Cash and Debt Management
Revera, a provider of seniors’ accommodation, care and services, has selected SunGard’s AvantGard Treasury to help automate treasury, cash and debt management. The AvantGard Treasury solution will be implemented using a software-as-a-service (SaaS)-based deployment model.
AvantGard Treasury helps companies improve visibility, reporting and liquidity, and migrate from time-consuming manual processes for improved efficiencies. By centralising data into a single solution, companies gain a real-time view into cash and debt across the organisation. Additionally, the reporting capabilities help analyse and track performance, as well as more accurately forecast cash.
Glen Chow, vice president treasury and risk management, Revera, said: “With a large portfolio of real estate, manually managing mortgage debt was inefficient. We selected SunGard’s AvantGard to help automate our treasury processes, increase control and gain visibility into our cash and debt. We chose AvantGard because it had the functionality we require and a solid reputation within its customer base and the treasury community. We also selected SunGard because of its in-depth knowledge and expertise and the proven ability of its professional and customer services team to deliver on time and on budget.”