AvantGard EcoSystem Communication Hub (Echos)
The corporate commercial ecosystem has often been described as one of the most inefficient markets in the world, with issues often attributed to lack of automation, the inability to aggregate data, and poor connectivity.
One area often highlighted is corporate to bank connectivity. Inflexible and proprietary connections between corporations and their banks can force corporations to pay higher connectivity development and maintenance costs, create an inability to easily switch or add banks, and make it difficult for them to benefit from additional services. Treasury and payments solutions require secure and reliable connections to banking partners. Historically, these bank connections were made via proprietary one-off links to each individual bank.
SunGard offers easier, more efficient, and less costly bank connectivity. Corporations can benefit from a single connection that sends and receives all confirmations, trades, payment instructions, account statements and more from worldwide treasury operations. SunGard provides bank connectivity via a single platform that manages all integration with your treasury, payments, and ERP systems, along with data transformations and bank messaging.
This platform is called the AvantGard EcoSystem Communication Hub (Echos).
Scott Coffing, president, SunGard's AvantGard discusses the AvantGard EcoSystem strategy.
[Total time 1:59]
Kurt Vandebroek, vice president, product management, SunGard AvantGard, discusses the importance of connecting corporate ecosystem participants to each other and the benefits of Echos, an electronic communication platform for financial messaging.
[Total time 5:09]
SunGard discusses how corporations can reduce friction in the financial supply chain to facilitate the flow of information across the ecosystem of suppliers, buyers, banks, data providers and other trading partners.
[Total time 5:32]
SunGard's C.J. Wimley looks at the finance and technology challenges facing corporates, and discusses how to improve efficiency in the financial supply chain.
[Total time 4:14]