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Focused on liquidity issues, companies are under a lot of pressure to devise how to manage cash efficiently. Many companies make their payments process and bank accounts in different ways:
Regionally, a business unit or subsidiary. While these methods can offer flexibility, often resulting in poor visibility and high ownership cost.
Visibility is key to handling cash, but its progress is limited by lack of standardization. The latter, combined with the use of manual processes so as the presence of uneven systems to store data, not only decreases visibility, but may increase transaction costs and related fraud risks. Additionally, regulatory schemes emerging as SEPA Single Euro Payments Area and SOX Sarbanes-Oxley are pushing companies to consider their cash and cash management.
The Solution
Avant Gard Trax Payment Factory is designed to address all critical areas related to payment management. This simple solution allows companies to automate and centralize heir payment processing.
By automating payments processes allows the organization to improve its internal controls effectiveness
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The introduction of additional technologies improves the indicators of transactional certainty and virtually eliminates the possibility of fraudulent activities.
Avant Gard Trax Payment Factory is a highly adaptable solution capable of integrating
infrastructure for handling cash with existing ERPs.
Avant Gard Trax Payment Factory provides the necessary tools for input and
processing manual payments. The solution also enables the configuration roles and responsibilities between local affiliates and the central treasury. There is no need for extra applications. Modules for account statements extraction and processing confirmations of contracts are part of the application.
Want to know more about AG Trax Payment Factory?
ag_trax.pdf
avantgard_payments_for_corporations.pdf
* © SunGard 2002 - 2008
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