Melbourne, Australia (Vocus) October 23, 2009
Kings Transport & Logistics, part of The Kings Group, a leading transport and logistics company based in Australia, has selected SunGard’s AvantGard Receivables to support its credit and collections operations. Kings Transport will use AvantGard in support of its plans to expand into international markets, to help it improve visibility into its collections process across the organization, as well as to help mitigate corporate credit risk.
AvantGard will replace an existing credit and collections system that could not support Kings Transport’s high volume of accounts or global requirements. AvantGard will help the company manage its various business units’ credit and collections departments using a single solution, helping management gain a holistic view of cash and liquidity at any given time. AvantGard will also provide improved reporting functionality and more accurate cash forecasting.
Luke Cieslak, national credit manager at Kings Transport, said, “In order to help ensure that our company expansion is successful, it is vital that we have the tools in place to effectively manage our multiple businesses. We choose SunGard because it is held in high regard within the Australian credit industry. Additionally, the AvantGard solution offers the functionality we require, including automated collection processes, robust reporting and customer risk profiling to support collection- and dispute-based activities and analysis. We anticipate that the solution will affect our bottom line by helping us to lower days sales outstanding (DSO) and improve productivity, while maintaining staff size as we experience global growth.”
Tom Clipston, managing director of SunGard’s corporations business in Australia and New Zealand, said, “A large part of a successful global expansion is having the appropriate processes and technology in place to support such an initiative. We are pleased that Kings Transport has chosen SunGard’s AvantGard to support its credit-risk, collections and dispute management activities as it grows its business.”
About Kings Transport
Kings Transport & Logistics is Australasia's Premier Metropolitan transport provider. They are the leaders in on-demand and dedicated vehicle services in all capital cities. Kings Transport & Logistics provides a total range of services, ranging from motorbikes to cater for urgent documents through to vans, trays, taxi-trucks, specialist vehicles and semi-trailers for bulk deliveries.
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.
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 http://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.