FleetNet America, Inc. Selects SunGard's AvantGard Receivables to Help Improve Cash Flow
(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 05 December 2012
Release date- 04122012 - New York, NY - FleetNet America, Inc., a vehicle maintenance company that coordinates maintenance services for medium and heavy duty fleets, has selected SunGard's AvantGard Receivables (GETPAID) to drive automation and workflow across its order-to-cash cycle to help increase cash flow.
SunGard's AvantGard Receivables (GETPAID) will provide FleetNet America with a strategic rules engine that uses configurable strategies to segment accounts and build work queues for collections prioritization. This helps collectors spend more time contacting customers with the highest potential for recovering past due balances, and spend less time on menial tasks such as emailing, which the solution is automated to perform for them. FleetNet America will also be able to track collector performance, perform cash forecasting and gain visibility into root-cause analysis of disputed invoices with the help of the solution's detailed reporting and analysis tools.
John Wood, vice president of finance at FleetNet America, Inc., said, 'I used the AvantGard GETPAID solution at a previous company and understand its range of capabilities and value. As our company continues to grow, we need a solution to help us manage our collections operation. AvantGard GETPAID has the sophisticated, yet easily configurable workflow and automation we need to help us prioritize collections. We're confident this solution will help us lower days sales outstanding (DSO) and reduce past-due A/R.'
CJ Wimley, executive vice president, trade liquidity solutions at SunGard's AvantGard business unit, said, 'Today's savvy companies realize that their accounts receivable is one of the most important assets on their balance sheets, and as such, they are taking a strategic approach to managing it. By introducing automation, companies can standardize the order-to-cash cycle and provide the necessary tools to help improve operational efficiencies, drive down DSO and increase cash flow.'
About FleetNet America, Inc.
FleetNet America is changing the direction of fleet maintenance. We combine 21st century technology and processes with America's best 3rd party vendors to create great value for the nation's private and for hire commercial fleets. We help our clients: 1) Enjoy best in class PM compliance at the lowest total cost; 2) Improve customer service by reducing downtime; and 3) Reduce their number of roadside events. For more information, visit www.fleetnetamerica.com.
About SunGard's AvantGard
The AvantGard solution suite includes credit risk modeling, collections management and scoring, treasury risk analysis, cash management, payments system integration, and payments execution delivered directly to corporations or via banking partners. AvantGard solutions help consolidate data from multiple in-house systems, drive workflow and provide connectivity to a broad range of trading partners including banks, SWIFT, credit data providers, FX platforms, money markets, and market data. The technology is supported by a full range of services, including managed cloud services, treasury operations management, SWIFT administration, managed bank connectivity, bank on-boarding, and vendor enrollment, and is delivered by a team of domain experts. For more information, visit www.sungard.com/avantgard.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $4.5 billion, SunGard is the largest privately held software and services company and is ranked 480 on the Fortune 500. For more information, please visit www.sungard.com.
Trademark Information: SunGard, the SunGard logo, AvantGard and AvantGard Receivables (GETPAID) are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
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