CKFR Checkfree Corp (MM)

ATLANTA and LONDON, Sept. 6 /PRNewswire-FirstCall/ -- SIBOS Booth C280 -- CheckFree Software, a division of CheckFree Corporation (NASDAQ:CKFR), today announced that it has been selected by Panmure Gordon & Co Plc, the London- based corporate and institutional stockbroker, to automate and consolidate reconciliation and exception management processes for its London based business, within a control framework that will minimise operational risk while maximising operational efficiency. In doing so, Panmure is extending the relationship that began with Accurate Software, acquired by CheckFree in May 2005, and consolidating all of its cash and securities reconciliation activity onto a single platform with improved management information across all products and business entities. Accurate's operational risk management solution, Accurate NXG, has been deployed across Panmure's Institutional and Corporate broking operation and will support the company's growing trading volumes. Panmure is deploying Accurate NXG to automate all cash and securities reconciliations, from trade capture to post settlement. The solution will identify and resolve exceptions as early as possible within the transaction lifecycle, improving processing efficiency and reducing exposure to operational risk. The consolidated cash and securities reconciliation solution will be used by Panmure's operations team in London to automate its transaction processing procedures and to reduce the risks associated with what was previously a manual and semi-automated environment. Panmure's business users and senior managers will be equipped with Accurate NXG's business intelligence Dashboard technology which provides analysis, reporting and key performance metrics, for a complete overview of transactional risk. Available through a browser-based portal, the Dashboard enables users to monitor daily activity, take action where required and produce reports for internal and external regulatory requirements with documented audit trails. Accurate NXG will reconcile data from external sources such as SWIFT via SMA's SWIFTAlliance bureau service, as well as from internal systems including: trading platforms, settlement systems and general ledger applications. By reconciling the information from front to back office within a single repository, Accurate NXG enables Panmure to quickly identify any exceptions either pre or post settlement, for fast resolution. Nick Cook, Director, head of operations at Panmure Gordon & Co said: "As our business grows and transaction volumes increase, we needed a solution that could centralise the reconciliation process, with the scalability to provide for future expansion across potential new business lines. Accurate NXG met all our requirements and we were particularly impressed by the Dashboard technology, which delivers a synchronised view of all cash and securities activities across our organisation. This will help us to increase operational control and deliver improved service levels to our clients. With Accurate now part of CheckFree, we are confident we have deployed best-of-breed technology, from a global market leader." Randy McCoy, executive vice president and general manager, CheckFree Software, said: "Panmure will use Accurate NXG to increase efficiency, reduce costs and maximise operational control. With this deployment we are reinforcing our position as the leading global provider of operational risk management solutions." Editors Note: About Panmore Gordon Plc Panmure Gordon is a leading Corporate and Institutional Stockbroker based in the City of London. The company was voted the most improved stockbroker in the UK in the recent Extel survey. About CheckFree ( http://www.checkfreecorp.com/ ) Founded in 1981, CheckFree Corporation (NASDAQ:CKFR) provides financial electronic commerce services and products to organizations around the world. CheckFree Electronic Commerce solutions enable thousands of financial services providers and billers to offer their customers the convenience of receiving and paying their household bills online or in person through retail outlets. CheckFree Investment Services provides a broad range of investment management solutions and outsourced services to thousands of financial services organizations, which manage more than $1 trillion in assets. CheckFree Software develops, markets and supports software applications that are used by financial institutions to process more than two thirds of the 11 billion Automated Clearing House transactions in the United States. The division also provides global trade processing, reconciliation, financial messaging, compliance and electronic billing and statement software to hundreds of organizations across the globe. Certain of CheckFree's statements in this press release are not purely historical, and as such are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements regarding management's intentions, plans, beliefs, expectations or projections of the future. Forward-looking statements involve risks and uncertainties, including without limitation, the various risks inherent in CheckFree's business, and other risks and uncertainties detailed from time to time in CheckFree's periodic reports filed with the Securities and Exchange Commission, including CheckFree's Annual Report on Form 10-K for the year ended June 30, 2005 (filed September 2, 2005). One or more of these factors have affected, and could in the future affect CheckFree's business and financial results in future periods, and could cause actual results to differ materially from plans and projections. There can be no assurance that the forward-looking statements made in this press release will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by CheckFree, or any other person, that the objectives and plans of CheckFree will be achieved. All forward-looking statements made in this press release are based on information presently available to management, and CheckFree assumes no obligation to update any forward-looking statements. DATASOURCE: CheckFree Software CONTACT: Media relations, Judy DeRango Wicks, +1-678-375-1595, or , or Investor relations, Tina Moore, +1-678-375-1278, or , both of CheckFree Web site: http://www.checkfreecorp.com/

Copyright