Ladbrokes Selects CheckFree for Enterprise-Wide Reconciliation and Exception Management Solution
17 Maio 2006 - 11:30AM
PR Newswire (US)
ATLANTA and LONDON, May 17 /PRNewswire-FirstCall/ -- Global
Interactive Gaming Summit & Expo, Booth 535 -- CheckFree
(NASDAQ:CKFR) today announced that Ladbrokes plc, the world's
leading bookmaker, has selected its Accurate NXG solution suite to
monitor transactional risk and optimise the resolution and
reporting of exceptions for both its retail and online sales
channels. Ladbrokes will deploy CheckFree's Accurate NXG to provide
reconciliation, exception management and management information
reporting across all banking transactions arising from the
portfolio of Ladbrokes' products. Business users at Ladbrokes will
also be equipped with the product's business intelligence Dashboard
technology, which enables the monitoring of trends and cash flow
relating to multi-currency deposits and withdrawals -- resulting in
improved operational control. Ladbrokes employs 14,000 people and
takes over a million bets a day in its shops. It has over two
million registered online customers in more than 200 countries who
are offered betting and gaming in 18 currencies and 12 languages
around the clock. The growth of Ladbrokes' retail and online sales
channels has led to a marked increase in the number of complex,
multi-currency transactions. With this growth comes a greater
emphasis on tightening operational control and reducing
transactional risk. "With our rapid expansion in multiple
international markets in recent years, we wanted to improve the
efficiency of our reconciliation and exception management
processes. CheckFree's Accurate NXG was the best solution," said
John O'Reilly, Ladbrokes' Managing Director eGaming and Telephone
Betting. "Many corporations are experiencing increasing operational
complexity in an environment of closer regulatory scrutiny," said
Robert Hanbury, director of product management of CheckFree
Software. "As a result, these companies are investing in technology
to realise operational efficiencies and manage risk. CheckFree's
proven expertise in delivering reconciliation, exception
management, workflow, and business intelligence solutions, is
enabling our customers across a range of industries to successfully
meet these challenges." Peter Jameson, business development
manager, Gaming and Leisure, at CheckFree, said, "Ladbrokes'
selection of Accurate NXG demonstrates our ability to support the
reconciliation and exception management requirements of a fast
moving and complex gaming organisation. Ladbrokes joins several
other leading gaming operators, such as Betfair, BetFred,
PartyGaming and PinnacleSports.com, in reaping the benefits of an
automated solution that is both scalable and flexible enough to
expand with their business. Ladbrokes is one of the best known
fixed odds betting and gaming companies in the world, and we look
forward to supporting its growing online and retail business."
About Ladbrokes: Ladbrokes plc is the world's leading fixed-odds
betting company. It is comprised of Ladbrokes, the biggest retail
bookmaker in the UK, Ireland and Belgium; Ladbrokes.com, a
world-leading provider of interactive betting and gaming services;
Vernons, the leading football pools operator and Ladbrokes Casinos
which will open the Ladbrokes Casino and Sports Bar at the Hilton
London Paddington during 2006. Ladbrokes is expanding its business
by building on its brand leadership, its ability to innovate and
the experience and expertise of its management team and 14,000
employees. 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 about $1.3 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 12 billion Automated Clearing House
transactions in the United States. The division also provides
operational risk management, financial messaging, corporate
actions, and regulatory compliance software to more than 1,500
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), Form 10-Q for the quarter ended September 30,
2005 (filed November 8, 2005), Form 10-Q for the quarter ended
December 31, 2005 (filed February 8, 2006), and Form 10-Q for the
quarter ended March 31, 2006 (filed May 9, 2006). 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 Corporation CONTACT: Media, Judy DeRango
Wicks, +1-678-375-1595, or , or Investor relations, Tina Moore,
+1-678-375-1278, or , both of CheckFree Corporation Web site:
http://www.checkfreecorp.com/
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