SunGard AvantGard's new electronic bank account management (eBam) offering, AvantGard eBAM, not only gives companies a tool to handle the tasks associated with maintaining multiple bank accounts, but also provides a connection to SWIFT, the nonprofit financial messaging consortium.
"The eBAM solution has the connectivity built in," says Michael Shields, vice president of product management at SunGard AvantGard. "It is part of our Echos connectivity hub."
The built-in connectivity means companies that use SunGard's solution don't have to go to the trouble of establishing a direct connection to SWIFT or selecting a service bureau to provide the connection. "We take that pain point away," Shields says, adding, "It's a faster-entry model, so it's cheaper for corporates."
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