CheckFree Announces New Version of Accurate NXG Reconciliation and Exception Management Solution
24 Julio 2007 - 8:00AM
PR Newswire (US)
Thin-Client Module Will Enable Reconciliation, Workflow, Reporting
Functions While Reducing Cost, Deployment Time for Customers
ATLANTA and LONDON, July 24 /PRNewswire-FirstCall/ -- CheckFree
Corporation (NASDAQ:CKFR) today announced the availability of
Accurate NXG(TM) version 2.12, the latest release of its leading
reconciliation and exception management solution. Through a rich,
thin-client web browser interface, ease of deployment and increased
functionality - such as an additional 160 reconciliation data
fields - the latest release provides new enhancements for financial
services clients of CheckFree and their customers. Deploying the
applications through a web browser will reduce the cost and time
involved in distributing the solution to large numbers of users or
user communities that are geographically dispersed. More companies
can now take full advantage of the breadth of Accurate NXG's
functions - Reconciliation, Workflow, Reporting and Report Store -
through a rich thin-client web browser interface. The new release
also has increased scalability to support companies with large
numbers of reconciliations, high data volumes or numbers of users.
CheckFree testing found that performance of a typical batch
processing schedule shows improvements of approximately 30 percent
over the previous release, and end user activities achieve results
more than 40 percent faster. Results may vary based on individual
client environments. "The ability to take advantage of CheckFree
Accurate NXG functionality via the web, the increase in
reconciliation data matching fields and the ease of deployment -
clients do not have to perform any installation - makes Accurate
NXG 2.12 the right solution for customers that want greater control
over their reconciliations," said Mark Cappell, senior vice
president and general director, reconciliation and exception
management, CheckFree Software. "This new version reinforces our
commitment to provide the best installed reconciliation solution in
the world, which is central to CheckFree's Applied Operational
Intelligence(SM) approach to doing business." Accurate NXG version
2.12 version also completes the re-architecture of the thin-client
modules into a more scalable Java-based architecture. Built upon
enterprise-strength Java J2EE application servers, the Java based
architecture is now used across all thin-client modules, including
the Reconciliation, Workflow, Reporting, Report Store and
Maintenance modules, and forms a baseline for future functionality
and performance. "Accurate NXG version 2.12 uses innovative Web 2.0
technology, coupled with the new Java-based architecture to deliver
a rewarding user experience on the web platform," commented Andy
Mellor, product manager, reconciliation and exception management,
CheckFree Software. "The Web 2.0 features result in a highly rich
thin-client application, supporting collaboration among users both
within and beyond the organization." CheckFree's Applied
Operational Intelligence(SM) approach helps clients drive
profitability and performance by combining innovative software,
proven expertise and business intelligence, competencies of
reconciliation, exception management, transaction process
management, corporate actions processing, payments processing, risk
management and compliance. The Applied Operational Intelligence
approach is expressly designed to manage risk and efficiency, while
leveraging business intelligence to achieve measurable return on
investment. 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 and retailers. For more information about
Accurate NXG, visit http://www.checkfreesoftware.com/. 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 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 payment
processing solutions that are used by financial institutions to
process more than two-thirds of the 14 billion Automated Clearing
House transactions in the United States, and supports
reconciliation, exception management, risk management, transaction
process management, corporate actions processing, and compliance
within thousands of organizations worldwide. 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 (paragraph 1).
Forward-looking statements involve risks and uncertainties,
including without limitation, the various risks inherent in the
Company's business, its ability to successfully integrate acquired
companies 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, 2006 (filed September 8,
2006), Form 10-Q for the quarter ended September 30, 2006 (filed
November 8, 2006), Form 10-Q for the quarter ended December 31,
2006 (filed February 8, 2007) and Form 10-Q for the quarter ended
March 31, 2007 (filed May 10, 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, Judy DeRango
Wicks, +1-678-375-1595, , or Investors, Tina Moore,
+1-678-375-1278, , both of CheckFree Corporation Web site:
http://www.checkfreecorp.com/ http://www.checkfreesoftware.com/
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