SunGard Launches AvantGard EcoSystem Communication Service as Part of Strategy to Drive Transparency and Efficiency Across the Corporate Commercial EcoSystem

SunGard Launches AvantGard EcoSystem Communication Service as Part of Strategy
to Drive Transparency and Efficiency Across the Corporate Commercial EcoSystem

SAN FRANCISCO, Oct. 5 /PRNewswire/ -- SunGard today launched AvantGard
EcoSystem Communication Service, a technology infrastructure that links the
participants of the corporate commercial ecosystem. By leveraging the
technology and customer relationships formed around SunGard's AvantGard
solutions for receivables, treasury and payments management, the AvantGard
EcoSystem Communication Service helps streamline connectivity between
corporations, banks and other trading partners. The service helps
corporations benefit from streamlined communications, and helps banks focus on
the delivery of innovative value-added services to their corporate clients.

A recent study conducted by SunGard confirms a pressing need for simplified
connectivity between corporations and banks: 30% of the corporations surveyed
grossing $5 billion or greater rely on more than 20 cash management banks.
This complexity is driving the demand for a single point of connectivity for
bank communications.

The AvantGard EcoSystem Communication Service offers a single point of
connectivity to help facilitate communications for bank account statements,
wire transfers, treasury payments, accounts payable payment execution
(including a variety of formats such as SWIFT, ACH, check to ACH converted)
and check printing via a global payments network contained within the service.
The service also manages deal confirmations and matching (ACCORD), electronic
bank account management (eBAM), bank fee reporting (TWIST), and mutual fund
reporting.

For corporations, the AvantGard EcoSystem Communication Service helps deliver
lower total cost of ownership, increased transparency and ease of operations.
It provides banks with more streamlined access to their corporate clients
helping banks provide them with faster delivery of value-added services.
Banks can also broaden their access points to corporate clients by leveraging
the AvantGard solution footprint, which spans the spectrum of connectivity
across the receivables, treasury and payments functions. The service
contemplates a formal program for service-driven labels for financial
institutions.

The launch of the AvantGard EcoSystem Communication Service is part of
SunGard's broader strategy to bring together the various entities within the
corporate commercial ecosystem. Participants include suppliers, buyers, banks
and other trading partners. As part of this strategy, SunGard is operating as
a community leader across the ecosystem by forming relationships with banks,
FX platforms, credit data providers, collection agencies, money market funds,
and SWIFT, as examples.

"The corporate commercial ecosystem has often been described as the most
inefficient market in the world," said Ken Dummitt, president of SunGard's
corporations business. "An inefficient market is typically characterized by
lack of data and transparency and a high degree of transactional friction
cost. It is clear that no one entity can provide all of the elements necessary
to affect the fundamental shift required to bring efficiency to cash
management. What the corporate commercial ecosystem needs, like any
ecosystem, is a community leader. With the launch of the AvantGard EcoSystem
Communication Service, SunGard is strongly positioned to provide that
leadership by bringing together the network of participants for improved
transparency, efficiency and connectivity."

The AvantGard EcoSystem Communication Service offers the framework for
corporate-to-bank and corporate-to-corporate connectivity, helping
corporations to leverage generic communication protocols inherent in the
service to deliver bank and non-bank messaging and communications. The
service will create the infrastructure for the delivery of invoice and
remittance advice and the ability to facilitate alternative financing via a
bank or other exchange.

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 www.sungard.com/avantgard.

About SunGard
SunGard is one of the world's leading software and IT services companies.
SunGard serves more than 25,000 customers in more than 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 435 on the Fortune
500 and is the largest privately held business software and services company
on the Forbes list of private businesses. Based on information compiled by
Datamonitor*, SunGard is the third largest provider of business applications
software after Oracle and SAP. Continuity, Insurance & Risk has recognized
SunGard as service provider of the year an unprecedented six times. For more
information, please visit SunGard at www.sungard.com.

*January 2009 Technology Vendors Financial Database Tracker
http://www.datamonitor.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.

For more information, please contact:
Adriana Senior
Vice President, Media Relations
SunGard Financial Systems
Tel: +1-718-578-1130
adriana.senior@sungard.com

SOURCE SunGard

Adriana Senior, Vice President, Media Relations of SunGard Financial Systems,
+1-718-578-1130, adriana.senior@sungard.com