LONDON, Jan. 11 /PRNewswire/ -- SunGard's AvantGard was recognized with two awards in Financial-i's recent Leaders in Innovation 2009 Awards. AvantGard Treasury won "Best Treasury Management Software," while AvantGard Receivables won "Best Accounts Receivable Solution." Both awards fell under the "Treasury Services, Cash Management and FX" umbrella category.
The winners were selected based on research conducted by Financial-i's team of journalists and independent analysts. The shortlist was then passed for further evaluation to an advisory panel comprising analysts, consultants and market practitioners. Winners in each category were then chosen by the panel, and these selections were based on the following criteria: value of upgrades and enhancements made in the last twelve months, depth and breadth of functionality, ease of implementation, quality of customer service and how effective the solutions are at solving 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 year in terms of innovation in business solutions. The awards won by SunGard serve as a testament to the quality of its AvantGard treasury and receivables management solutions, the functionality and effectiveness of which are aligned with current industry business needs and trends."
Ken Dummitt, president of SunGard's Corporations business, said, "We are very pleased to have been recognized with these two prestigious awards, presented to us by Financial-i. At SunGard we are developing solutions that can help our customers anticipate and take advantage of all the changes that are taking place in our industry. Our goal is to support our customers in future-proofing their technology investment, while remaining focused on their core business competencies."
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.
SunGard is one of the world's leading software and IT services companies. SunGard serves more than 25,000 customers in more than 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 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
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.
For more information, please contact: Adriana Senior Vice President, Media Relations SunGard Financial Systems Tel: +1-718-578-1130 firstname.lastname@example.org