Madix Inc. Selects SunGard’s AvantGard Receivables to Help Reduce Exposure to Possible Bad Debt Expense

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Madix Inc., one of the largest store fixture manufacturers in North America, has selected SunGard’s AvantGard Receivables (GETPAID) on a Software-as-a-Service* (SaaS) basis to help automate collections and dispute management, as well as reporting to help reduce exposure to possible bad debt expense and improve dispute resolutions.

Madix Inc., one of the largest store fixture manufacturers in North America, has selected SunGard’s AvantGard Receivables (GETPAID) on a Software-as-a-Service* (SaaS) basis to help automate collections and dispute management, as well as reporting to help reduce exposure to possible bad debt expense and improve dispute resolutions.

Automation will help Madix gain a single view into cash, reduce time spent on manual tasks, and drive improved collections strategies. The company will also be able to establish standard routing, escalation, and approval processes around disputes to help reduce cycle times. Additionally, it will be able to track performance, perform cash forecasting and gain visibility into root-cause analysis with the solution’s detailed reporting and analysis tools.

Melanie Leeper, credit manager, Madix Inc., said, “We selected SunGard’s AvantGard to help centralize data into a single location and implement workflow to help us improve collector performance, reduce dispute cycle time and easily track, measure, and report on our key performance indicators without having to add headcount. Eliminating the need to allocate internal IT resources was also a key factor in our decision to deploy the SaaS delivery model.”

CJ Wimley, executive vice president, trade liquidity, at SunGard’s AvantGard business unit, said, “Many companies still struggle with manually managing their trade receivables. An automated and integrated approach to collections and dispute resolution can help these companies promptly follow-up on past due accounts and resolve disputes, thereby helping reduce bad debt expense, improve operational efficiencies and increase cash flow. Our unique ability to deploy our solutions on-premise, within a “private cloud” hosted environment or as a SaaS delivered solution provides companies with flexible deployment options to fit their business needs.”

*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 Madix, Inc.
Headquartered in Terrell, Texas, Madix is one of the largest store fixtures companies in the world, manufacturing thousands of products including store fixtures, specialty products, heavy-duty racking, wire and wood displays. Madix serves customers across North, Central, and South America, Europe, and the Middle East. The company employs over 1,500 people in its state-of-the-art manufacturing facilities in Terrell, Texas, and Goodwater and Eclectic, Alabama. Madix has warehouses throughout the United States and one in the United Kingdom. For more information, visit http://www.madixinc.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, including managed cloud services, treasury operations management, SWIFT administration, managed bank connectivity, bank on-boarding, and vendor enrollment, and is delivered by a team of domain experts. 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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