CheckFree Announces New Version of Accurate NXG Reconciliation and Exception Management Solution
October 05 2006 - 12:30PM
PR Newswire (US)
Large, Complex Financial Institutions and Corporate Environments
Gain New Levels of Control ATLANTA and LONDON, Oct. 5
/PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR) today
announced the availability of Accurate NXG(TM) software version
2.11, the latest release of its leading reconciliation and
exception management solution. Designed to accelerate deployments
in large, complex enterprise environments, Accurate NXG version
2.11 provides a new thin-client interface, implements best-practice
security measures and administrative profiling, and delivers
improved operational controls to support regulatory requirements.
The thin-client reconciliation functionality in the latest release
enables financial institutions and corporates to enhance
transaction transparency and comply with increasingly complex
regulatory requirements by submitting a summary of the
reconciliation for sign-off by a senior manager and maintaining a
clear audit trail of each step in the reconciliation process. The
thin-client reconciliation functionality in version 2.11 of the
solution enables organisations to reduce the cost of deployment by
eliminating time-consuming installations at each workstation. "With
heightened merger and acquisition activity, consolidation in the
marketplace and pressures to comply with increasingly complex
regulatory measures, our clients need more sophisticated
reconciliation and exception management capabilities," said Esther
Pigg, vice president of global product management at CheckFree
Software. "Based on years of experience in serving a global client
base, CheckFree understands these challenges and has developed the
Accurate NXG solution to support large organisations with complex
requirements and growing transaction volumes, while helping our
clients achieve regulatory compliance." The latest version of
Accurate NXG includes a new profile manager that enables
organisations to authorise the functions and data entities each
administrator will manage. The profile manager helps organisations
tighten administrative controls on Accurate NXG to support the
segregation of duties recommendations of Sarbanes-Oxley in the
United States, along with comparable regulations in the U.K. and
Europe. Version 2.11 of the solution incorporates the highest
industry standards in password administration and provides tighter
controls on access to the Accurate NXG database. Accurate NXG
utilises Oracle and SQL Server databases and supports a variety of
operating systems, including Windows Server, Solaris, AIX and
Linux. 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 $1.4 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 14 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 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, 2006 (filed September 8, 2006). 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 contact:
Judy DeRango Wicks, +1-678-375-1595, or , or Investor relations
contact: Tina Moore, +1-678-375-1278, or Web site:
http://www.checkfreecorp.com/
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