vice president, product management, AvantGard Payment Services, SunGard’s corporate liquidity business
Contributor: Matthew Dragiff
Check printing is expensive. It is time consuming, labor intensive, and comes with the added costs associated with paper stock, ink, and postage. There is no doubt that migrating to electronic payments can reduce costs and improve operational efficiencies.... read more
vice president, product management, AvantGard Payment Services, SunGard’s corporate liquidity business
Contributor: Matthew Dragiff
SunGard recently conducted a study to better understand how corporations were addressing the various challenges around ePayment adoption and the migration to ACH and virtual cards. The study included 171 participants spanning a broad range of industry and revenue classifications, with 48% of the respondents from companies with more than $1 billion in revenue. Not surprising, ePayment adoption continues to elude even the most sophisticated organizations. The study found that internal barriers coupled with lack of knowledge of the available options are the primary obstacles. This finding suggests that there is an opportunity for many companies to move to electronic payments via an outsourced provider. ... read more
Commentary from SunGard experts on news and events affecting the financial services industry.
Contributor: SunGard Viewpoint
Q: Today, we’ll talk about SEPA, the payments integration effort of the European Union for bank transfers. Now that there is an end date in place for SEPA compliance, Andrew, are you beginning to see any movement in the market to prepare for this?... read more
Contributor: Kurt Vandebroek
When it comes to traditional bank account management, most treasury professionals waste too much time on manual, labor intensive tasks. Time spent chasing paper forms, tracking progress and sending reminders could be much better spent on more important tasks. Additionally, treasury professionals have the added burden of complying with FBAR regulations. Even though the US Department of Treasury has delayed enforcement of FBAR regulations until June 2013, many corporations are already preparing.... read more
Contributor: Paul Bramwell
According to a recent SunGard and Economist Intelligence Unit survey, institutions need a firmer grasp on volatility. For corporations, this fact is heightened by the tumult in the Eurozone. Volatility in global markets, and in particular, the debt crisis in the Eurozone has placed many corporations at greater risk, and in particular, FX risk. “Vulnerability to Volatility Risk – a Global Challenge,” a survey conducted by the Economist Intelligence Unit on behalf of SunGard, concluded that a majority of bankers, insurers and asset managers, as well as finance executives at non-financial companies, consider their organizations to be vulnerable to exceptional or sudden swings in volatility. More than half of the respondents in this survey say their company conducts stress tests or scenario analysis to check their ability to cope with volatility just once a year or once in six months. That means the majority of these organizations are seriously exposed in today’s fast-moving markets. ... read more
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