|Tessenderlo Group selects SunGardís AvantGard for hosted treasury and payments management|
|Tuesday, 15 May 2012|
Paris, France – May 15, 2012 - Tessenderlo Group, one of the world’s largest chemical companies with reported revenue of 2.4 billion Euros last year, has selected SunGard’s AvantGard for treasury and payments management. AvantGard will help Tessenderlo improve visibility and management of liquidity and cash with managed bank communications via the SWIFT network. The solutions will be hosted by SunGard.
Already using AvantGard Receivables (GETPAID) for order-to-cash management in Europe, Tessenderlo will globally deploy the AvantGard solutions which include: AvantGard Integrity for cash management and forecasting; AvantGard Trax for payments centralization and workflow standardization; and managed bank and SWIFTNet connectivity through the SunGard SWIFT Service Bureau. The solutions will be hosted by SunGard to help Tessenderlo reduce dependency on internal IT resources and improve total cost of ownership.
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