London (Vocus) May 25, 2010 —
Network Housing Group Limited (Network), a non-profit housing and support services organization, has recently selected SunGard’s AvantGard Treasury for cash and debt management. Network will deploy AvantGard Treasury in an application service provider (ASP) environment.
Network will use AvantGard Treasury to help minimize manual and time-intensive processes such as data entry into spreadsheets, and to gain improved visibility into daily cash positions and settlements. AvantGard will also lend support to Network’s debt management functions, providing data transparency and controls for auditing. The implementation plan set forward by SunGard was a deciding factor in Network’s selection of AvantGard
Jenny Hodgkins, head of treasury services at Network, said, “SunGard’s AvantGard Treasury will help us gain automation and improved visibility to data. The ASP delivery model of the solution will also help us manage costs via a pricing model and IT support infrastructure that fits within our budget, a key consideration for us as a not-for-profit organization. We anticipate that the AvantGard solution will afford us numerous benefits, including improved efficiency, support for complex debt management and increased transparency of data.”
Paul Bramwell, senior vice president, global treasury solutions for SunGard’s corporations business, said, “Treasury solutions delivered via an ASP model can help organizations like Network that are operating with limited budgets to lower their total cost of ownership. SunGard helps minimize project risk and cost, as well as introducing best practices to corporate treasury operations of any size or scale.”
About Network Housing Group
Network Housing Group was established in 1974. It owns and manages over 17,000 homes, mostly in Greater London and the Eastern Region, working with 33 local authorities to provide a range of housing and support services delivered through its locally based housing associations.
Network Housing Group Limited is the non-asset holding parent body providing corporate services and support (including finance, development, IT, HR, and company secretariat) to all members of the Group. Formed in 2003, this group structure aims to ensure local accountability and flexibility to meet the needs of the Group’s residents.
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 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.