Ecom Atlantic Selects SunGard’s AvantGard Echos for Improved Bank Communication

Dallas, TX (Vocus/PRWEB) January 04, 2011

Ecom Atlantic, Inc., an international commodity merchant, has selected SunGard’s AvantGard solution for liquidity management. Ecom will use AvantGard Echos (Ecosystem Communication Hub) globally, in conjunction with AvantGard Treasury, to help improve bank communication and connectivity, streamline treasury management and optimize visibility into cash and investments.

SunGard’s AvantGard Echos will help Ecom improve connectivity to and control over its 46 different banking relationships. AvantGard Echos will provide a single point of connectivity from Ecom’s internal systems to Echos, which offers embedded access to the SWIFT network. This will help Ecom make bank communication more efficient and cost effective. AvantGard Treasury’s automated functionality will help Ecom obtain real-time global consolidated views of treasury and related activities across its regional operations.

Cindy Parrish, treasurer, Ecom Atlantic, Inc., said, “We anticipate that the successful implementation of AvantGard in all countries of the Ecom Group will help us save time and effort. Global visibility will result in a significant return on investment for our shareholders.”

Ken Dummitt, president of SunGard’s corporate liquidity business, said, “Corporations today are challenged by process inefficiencies and a lack of standardization in managing bank accounts and connections to their banks. AvantGard helps optimize internal processes and fosters connectivity across all participants of the corporate commercial ecosystem including suppliers, buyers, partners, banks and exchange platforms such as SWIFT. For companies like Ecom, this ease of connectivity helps result in lowered operational and transactional costs, increased transparency of data and improved efficiencies.”

About Ecom
With over 150 years of market experience, Ecom is a respected leader within the soft commodities industry. Its global operations rely on extensive knowledge and experience in supply chain improvement, risk management, and client-focused distribution to create a valuable and profitable environment for their suppliers, customers, shareholders, and employees.

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 http://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.

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