SunGard signs Arinc to AvantGard receivables management system

Source: SunGard's AvantGard

Arinc Incorporated, a company specializing in communications and systems integration for commercial aviation, U.S. defense and government customers, has selected SunGard's AvantGard for integrated order-to-cash management.

ARINC has used SunGard's AvantGard Treasury Management solution since 2000, and has now selected SunGard's AvantGard Receivables solution to help it improve and streamline its collections process, and lower days sales outstanding (DSO). AvantGard Receivables will also help ARINC achieve increased visibility into cash forecasting, improved management of invoice disputes and the ability to gain a better view into historical data for analysis of payment trends.

Dawn Connell, director of corporate billing and accounts receivable at ARINC Incorporated, said, "SunGard has provided us with quality solutions and first-rate support throughout the years. By implementing a solution that is able to provide us with strategic and integrated collections management, we are able to more effectively collect on outstanding invoices and in effect better plan funding and investments."

C.J. Wimley, executive vice president of corporate solutions of SunGard's AvantGard business unit, said,"ARINC's decision to expand its relationship with AvantGard for receivables management demonstrates the quality technology and support that SunGard provides to its customers. Efficient and effective receivables management is integral to the financial stability of any corporation. AvantGard helps give companies visibility and a proactive approach to collections management, to help them improve cash flow and reduce bad debt expense."

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