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SunGard's AvantGard Payments processing solution selected by Johnson Controls

SunGard announced today that Johnson Controls has selected its AvantGard Payments solution to assist with the centralisation of the company's payment operations in Europe. AvantGard Payments will provide Johnson Controls with flexible workflows, audit capabilities and multibank connectivity.

The AvantGard solution will be hosted by SunGard and will provide a platform to help improve control and security across all payment operations. It will help Johnson Controls to standardise its payments processing and connect directly with its bank partners. The solution will initially be rolled out to Johnson Controls' European operations on a country-by-country basis, before a second phase of implementation to all remaining locations.

Jean-Philippe De-Waele, treasurer for Johnson Controls' European and African operations, said: “We needed a single payments solution that could meet our business, hosting and connectivity needs. We chose SunGard's AvantGard Payments not only because of SunGard's strong reputation and international presence, but because the solution offers full Swift integration in a hosted environment.”

Hans Cobben, group vice-president for global payments and messaging at SunGard, commented: “Access to new Swift services and direct multibank connectivity has become increasingly important for most corporations. SunGard's AvantGard Payments can help by providing flexible payments functionality and Swift integration capabilities. As a hosted solution, AvantGard also offers high levels of security and messaging standards.”

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AvantGard

SunGard's AvantGard is a leading liquidity management solution for corporations, financial institutions and the public sector. AvantGard provides chief financial officers and treasurers with real-time visibility into cash flows and increased operational controls around treasury, receivables and payments management. The solution aggregates data for a single view of cash, drives productivity through automation, and fosters collaboration between trading partners. For more information, visit http://www.sungard.com/avantgard.

SunGard

With annual revenue exceeding $5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25 000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at http://www.sungard.com.

Johnson Controls

Johnson Controls is a global leader in automotive experience, building efficiency and power solutions. The company provides innovative automotive interiors that help make driving more comfortable, safe and enjoyable. For buildings, it offers products and services that optimise energy use and improve comfort and security. Johnson Controls also provides batteries for automobiles and hybrid electric vehicles, along with systems engineering and service expertise. Trademark Information: SunGard, the SunGard logo and AvantGard are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the US and other countries. All other trade names are trademarks or registered trademarks of their respective holders.