Many corporations are challenged by lack of infrastructure to support routing and approval of payments. As a result, many corporations still operate off of spreadsheets in a highly manual environment. This causes poor visibility to cash out-flows, high operational costs and risk of fraud. Compounding these challenges, many companies also rely on a fragmented array of systems for connectivity to SWIFT, Banks, ACH and check printing systems.
The AvantGard Payments solution offers a unique payments suite for streamlining the processing of payments helping to improve routing, connectivity and integration; reduce transactional and operational costs; increase security; and improve the management of payment information, exceptions, and statement flows.
- Routing, workflow and approval of payment flows
- Transformation and conversion of formats / protocols (SEPA, ACH...)
- SWIFT, ACH, wire execution
PayNetExchange portal for payments execution
- Check printing
- Reduce operational costs
- Improve visibility to cash outflows
- Consolidate data across multiple systems
- Reduce redundancy and manual processing
- Mitigate fraud
Mike Kresse, svp payment services, SunGard's AvantGard discusses the payments landscape; the disadvantages of paper checks; and what best-in-class companies are doing to leave the paper check behind.
[Total time 3:37]
Mike Kresse, svp payment services, SunGard's AvantGard discusses the value of migrating from paper check to virtual card payments and how companies can earn rebates on card disbursements with AvantGard PayNetExchange Check to Card migration services.
[Total time 3:35]
Mike Kresse, svp payment services, SunGard's AvantGard discusses the value of AvantGard’s payment network for suppliers and buyers; the company’s unique, custom-tailored program to drive vendor enrollment; and the benefits of AvantGard PayNetExchange, an electronic payments platform.
[Total time 3:11]
Luc Belpaire, product director Payments, SunGard’s AvantGard, discusses SWIFT’s 3SKey initiative, now supported in AvantGard Trax.
[Total time 1:02]