SunGard's AvantGard Receivables Solution Wins Financial-i Award for Innovation

LONDON, Jan. 6, 2011 /PRNewswire/ -- SunGard's AvantGard was recognized in Financial-i's fifth annual Leaders in Innovation 2010 Awards. AvantGard Receivables won "Best Accounts Receivable Solution" in the "Payments and Cash Management" category.

The winners were selected based on research conducted by Financial-i's team of journalists, independent analysts, consultants and market practitioners. Winners in each category were chosen by panel, and these selections were based on the following criteria: solution innovations over the last 12 months, depth and breadth of functionality, to what extent a solution differentiates a provider from its peers, ease with which customers can implement and interface with these solutions, and the extent to which these solutions are helping companies solve or address common business challenges.

Anita Hawser, managing editor of Financial-i, said, "Our Leaders in Innovation Awards identify global transaction banks and financial hardware and software vendors that have excelled in the past 12 months in terms of innovation in business solutions. The award won by SunGard highlights the quality of its receivables management solution, the functionality and effectiveness of which is aligned with current industry business needs and trends."

Ken Dummitt, president of SunGard's corporations business, said, "We are pleased to have been recognized with this prestigious award, presented to us by Financial-i. Our AvantGard Receivables solution helps corporations to lower days sales outstanding (DSO), mitigate corporate credit risk and foster collaboration with multiple trading partners. At SunGard we are focused on developing solutions that support our customers in future-proofing their technology investment, while remaining focused on their core business competencies."

About Financial-i

Financial-i is about the complete transaction cycle, focusing on the business and operational evolution of wholesale financial services from treasury and cash management through to trading and asset administration. Financial-i editorial covers how financial institutions are re-engineering their businesses to meet the demand for state-of-the-art products and services from their major customer segments; how IT vendors and network operators are helping financial institutions to meet this demand; and how the financial services industry is re-engineering its infrastructure to leverage new technologies.

About SunGard's AvantGard

SunGard's AvantGard is a leading liquidity management solution for corporations, insurance companies and the public sector. AvantGard provides chief financial officers and treasurers with real-time visibility into cash flows and increased operational controls around receivables, treasury and payments. AvantGard helps companies drive free cash flow and reduce inefficiencies across the EcoSystem of suppliers, buyers, banks and other trading partners.  For more information, visit www.sungard.com/avantgard.

About SunGard

SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher 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 exceeding $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company.

Trademark Information: SunGard, the SunGard logo, and AvantGard 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.

SOURCE SunGard