Global Study on Connectivity Across the Corporate Commercial EcoSystem

by SunGard, 27 October 2009

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topics:
Cash and Liquidity Management

tags:
communication Connectivity payments SunGard suppliers supply chain trading partners

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Many corporations still operate in a complex web of paper, disparate systems, multiple “standards”, protocols, and networks that create redundancy, error, and lags in data delivery. This study looks to understand the major obstacles around improving settlement times in business-to-business transactions.

In contemplating commercial trade, the concept that settlement of corporate-to-corporate transactions often takes 30, 60 or even 90 days clearly indicates that there is an enormous opportunity for improvement. The demand today for a single point of connectivity for access to banks, SWIFT and even corporate-to-corporate communications can be facilitated with technology.

This SunGard global study on payments and connectivity contains 358 responses from corporations across 20 primary industries throughout the United States, Europe and Asia, and reveals requirements for increasing connectivity between suppliers, buyers, banks and other trading partners.

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