Risk-based collections help companies accelerate their collections by enabling them to address accounts with the highest probability of delinquency and cash at risk first. Rather than relying on aging, invoice value and static risk data, statistical modeling leverages historical customer payment data to predict future paying behavior. High risk customers can then be placed on a “high touch” call collections strategy. In addition, this technology can also be used for credit decisioning.

The new version of AvantGard Receivables (GETPAID) also delivers an enhanced user experience with an interactive interface and streamlined navigation along with increased access to critical data such as the ability to import credit data from various sources, including credit bureaus and NACM.

According to CJ Wimley, COO, SunGard’s Corporate Liquidity business, “By employing risk-based collections, world-class credit and collections departments are able to gain a competitive advantage through their ability to decrease and better manage risk and implement smarter operations through improved operational efficiency.”

SunGard’s AvantGard Receivables suite is a fully integrated, web-based order-to-cash solution that includes collections management, dispute workflow, credit risk management, cash application, sales and customer portals as well as detailed reporting and dashboards. The solution can be deployed on premise, in a private cloud hosted environment, or as a SaaS model. The new version is now available to new and existing customers.AvantGard GETPAID was recently recognized by Global Finance magazine for “Best Accounts Receivable Solution.”

About SunGard Financial Systems
SunGard Financial Systems provides mission-critical software and IT services to institutions in virtually every segment of the financial services industry. The primary purpose of these systems is to automate the many detailed processes associated with trading, managing investment portfolios and accounting for investment assets. These solutions address the processing requirements of a broad range of users within financial services, including asset managers, traders, custodians, compliance officers, treasurers, insurers, risk managers, hedge fund managers, plan administrators and clearing agents. In addition, we also provide professional services that focus on application implementation and integration of these solutions and on custom software development.