SunGardâs 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 Ecomâs 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 Treasuryâs 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, âWe 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.â
Ken Dummitt, president of SunGardâs corporate liquidity business, said, âCorporations 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 onnectivity helps result in lowered operational and transactional costs, increased transparency of data and improved efficiencies.â