SunGard’s AvantGard to Help Automate Treasury, Cash & Debt Management at Revera Inc.

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SunGard’s AvantGard Treasury has been selected to help automate treasury, cash and debt management at Revera Inc., a leading provider of seniors’ accommodation, care and services.

SunGard’s AvantGard Treasury has been selected to help automate treasury, cash and debt management at Revera Inc., a leading provider of seniors’ accommodation, care and services. The AvantGard Treasury solution will be implemented using a Software-as-a-Service* (SaaS)-based deployment model.

AvantGard Treasury helps companies improve visibility, reporting and liquidity, and migrate from time-consuming manual processes for improved efficiencies. By centralizing data into a single solution, companies gain a real-time view into cash and debt across the organization. Additionally, the reporting capabilities help analyze and track performance as well as more accurately forecast cash.

Glen Chow, vice president treasury and risk management, Revera Inc., said, “With a large portfolio of real estate, manually managing mortgage debt was inefficient. We selected SunGard’s AvantGard to help automate our treasury processes, increase control and gain visibility into our cash and debt. We chose AvantGard because it had the functionality we require and a solid reputation within its customer base and the treasury community. We also selected SunGard because of its in-depth knowledge and expertise and the proven ability of its professional and customer services team to deliver on time and on budget.”

“Organizations that manage cash and debt using a multitude of tools are under increasing pressure to automate and gain control and visibility over liquidity management. Having access to consolidated information from multiple sources, and as close to real-time as possible, is critical,” said Paul Bramwell, senior vice president, treasury solutions, at SunGard’s AvantGard business unit. “Depending on the requirements of our customers, we have a unique ability to deploy our solutions on-premise, within a “private cloud” hosted environment or using a SaaS delivery model.”

  • SunGard Financial Systems is transforming the way its software solutions are created and delivered to its customers. With the introduction of a new visionary, integrated technology blueprint, new delivery models are created and additional functionality embedded. Underlying technologies include a service-oriented architecture (SOA) development framework, a business process management platform (Infinity Process Platform) and a delivery platform to enable Software-as-a-Service (SaaS) based solutions.

About Revera Inc.
Revera is a leading provider of seniors’ accommodation, care and services; built on a 50-year history of helping seniors live life to the fullest. Our 30,000 dedicated employees continually strive to serve a diverse group of clients and to meet their individual preferences. With more than 250 sites across Canada and parts of the US, we work to enhance lives through our range of leading home health services or in one of our retirement communities, long term care homes, or nursing and rehab centres. Canadian-owned and operated, Revera serves approximately 30,000 clients every day, with the core values of respect, integrity, compassion and excellence at the heart of our business . Find out more about Revera at http://www.reveraliving.com.

About SunGard’s AvantGard
SunGard’s AvantGard is a leading liquidity and risk management solution for corporations, insurance companies and the public sector. The AvantGard solution suite includes credit risk modeling, collections management, treasury risk analysis, cash management, payments system integration, and payments execution delivered directly to corporations or via banking partners. AvantGard solutions help consolidate data from multiple in-house systems, drive workflow and provide connectivity to a broad range of trading partners including banks, SWIFT, credit data providers, FX platforms, money markets, and market data. The technology is supported by a full range of services delivered by domain experts including managed cloud services, treasury operations management, SWIFT administration, managed bank connectivity, bank on-boarding, and vendor enrollment. 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 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, 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 of about $4.5 billion, SunGard is the largest privately held software and services company and was ranked 434 on the Fortune 500 in 2011. Look for us wherever the mission is critical. For more information, please visit http://www.sungard.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.

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Adriana Senior
SunGard
718-578-1130
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