CheckFree Launches Hosted Reconciliation and Exception Management Service
01 Outubro 2007 - 7:00AM
PR Newswire (US)
Solution eases reconciliation back office IT burden; delivers best
practice expertise ATLANTA and BOSTON, Oct. 1
/PRNewswire-FirstCall/ -- Sibos Booth F43 -- CheckFree Corporation
(NASDAQ:CKFR) today announced a new service for financial services
organizations and corporations, CheckFree Reconciliation and
Exception Management Hosted Service. Organizations will benefit
from a combination of best practice consultancy to continually
optimize their reconciliation processes, together with a hosted
service that takes away the day-to-day in-house IT management and
maintenance of reconciliation and exception management systems.
With its experience derived from implementing and supporting more
than 1,500 reconciliation systems worldwide and expertise in
operations management, CheckFree has acquired a practical, in-depth
knowledge of how to develop and configure reconciliation systems
that meet an organization's business objectives. With the new
service, CheckFree will host the reconciliation system, data and
hardware, eliminating the need for firms to manage internal systems
maintenance and support. "CheckFree's new Hosted Service will allow
our organizations to focus their internal resources on more
business critical assignments and move the burdensome process of
maintaining an in-house reconciliation and exception management
system to a hosted environment. By reducing time-consuming tasks
such as updating system parameters and allowing CheckFree to
optimize these operations, CheckFree's Hosted Service can deliver
best practices and provide expert support to continuously adapt and
operate the system to perform at its peak," said Mark Cappell,
senior vice president and managing director, reconciliation and
exception management, CheckFree. As part of the service,
CheckFree's consultants work with organizations to enhance
reconciliation processes to achieve higher match rates, optimize
transaction speeds and regularly fine-tune the system to stay
aligned with evolving business objectives. This allows
organizations to focus on serving customers and growing the
business. "A rapidly deployed and optimized hosted reconciliation
service is a business process that can potentially reduce losses
from transaction errors while increasing the efficiency of
financial control. CheckFree's Hosted Service can enable
organizations to view reconciliations less as a problematic,
cost-intensive resource that demands too much attention, and begin
to use it as part of their strategic business plan as a core
component of an effective back-office," said Cappell. CheckFree's
Hosted Service provides low-cost access to CheckFree's leading
reconciliation and exception management solution, Accurate NXG(TM).
An intuitive, web-based interface enables easy access by any
authorized user. CheckFree reconciliation and exception management
solutions are deployed across a global customer base, including
some of the largest domestic and international banks, custodians,
brokers, asset managers, non-financial corporations and retailers.
For more information about CheckFree's reconciliation and exception
management services, visit http://www.checkfree.com/. The Advantage
of the Applied Operational Intelligence(SM) Approach from CheckFree
The Applied Operational Intelligence(SM) approach from CheckFree
helps our customers drive profitability, performance and regulatory
compliance through a combination of our innovative software
solutions and industry expertise. The Applied Operational
Intelligence approach is the process of applying our knowledge and
experience, coupled with a business's best practices, to maximize
profit, efficiency and risk mitigation potential. Our goal is to
enable clients to leverage their valuable business intelligence to
achieve measurable return on investment by capturing and analyzing
key data from across their organization through systems and
technology to ensure it is disseminated to the right people, at the
right time, in the right format. Our objective is to deliver the
best installed solution to your business. 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 financial services providers
to offer the convenience of online banking, and along with billers,
to offer the convenience of receiving and paying household bills
online, via phone or in person through retail outlets. CheckFree
Investment Services provides a broad range of investment management
solutions and outsourced services to hundreds of financial services
organizations, which manage about $1.8 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 nearly 14 billion Automated Clearing
House transactions in the United States. The division also provides
financial institutions and other organizations with payment
processing and consulting, reconciliation and exception management,
fraud and risk management, cash and logistics management, and
compliance software and services. Certain of the Company'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 the Company's business,
and other risks and uncertainties detailed from time to time in the
Company's periodic reports filed with the Securities and Exchange
Commission, including the Company's Annual Report on Form 10-K for
the year ended June 30, 2007 (filed August 24, 2007). One or more
of these factors have affected, and could in the future affect the
Company'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 the Company, or any other person,
that the objectives and plans of the Company will be achieved. All
forward-looking statements made in this press release are based on
information presently available to management, and the Company
assumes no obligation to update any forward-looking statements.
DATASOURCE: CheckFree Corporation CONTACT: Media Relations, Judy
DeRango Wicks, +1-678-375-1595, ; or Investor Relations, Tina
Moore, +1-678-375-1278, , both of CheckFree Corporation Web site:
http://www.checkfreecorp.com/
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