Krug Inc., a designer and manufacturer of office furniture solutions, has selected SunGard’s AvantGard Receivables ‘On Demand’ or Software-as-a-Service (SaaS) solution.
Krug selected AvantGard to help drive automation and workflow around the order-to-cash cycle in order to increase visibility and control, provide continuous process improvements and to help reduce total DSO (Days Sales Outstanding). SunGard’s AvantGard aims to helpl customers to improve liquidity management and operational control around receivables, treasury and payments processing.
AvantGard’s ‘On-Demand’ or Software-as-a-Service (SaaS) model claims to offer significant advantages for small-to-medium sized businesses looking to benefit from automation software without the upfront costs associated with licensing. It offers predictable expenses, ease of installation, automatic upgrades and reduced IT resource requirements. It also interfaces with ERP and A/R systems to help streamline and automate the management of credit, collections and dispute resolution.
“SunGard’s AvantGard Receivables solution will provide visibility into customer behavior patterns, which will help us to prioritize accounts that require more focus and tailor collection strategies for individual customers,” says Mark Fisher, director of finance, Krug Inc. “Process automation, along with strengthened controls, will not only help us to improve customer communications but also to streamline reporting capabilities. This will help us to boost overall performance and meet our main objective to lower our total DSO.”
C.J. Wimley, COO at SunGard’s AvantGard Receivables business, says, “The ‘on demand’ model signifies SunGard’s continued commitment to delivering flexible solutions that meet our customers’ diverse requirements. With it, we are able to offer small-to-medium sized businesses greatly improved visibility and control around receivables management, without their having to extend the capital and IT support often required for licensed-based software models.”