CheckFree Launches CheckFree Solution Series;
Most Comprehensive Reconciliation Offering Available Today
ATLANTA, Sept. 13 /PRNewswire/ -- The Financial and Compliance Solutions business unit of CheckFree (Nasdaq: CKFR - news) today launched its Solution Series of reconciliation products to the public, offering businesses the power to identify, manage, resolve and report financial exceptions. The suite combines the core matching engine of CheckFree RECON Plus(TM) for Windows®, the best practices knowledgebase of CheckFree RECON SOLVER and the report mining tools of CheckFree STORER to deliver an enterprise-wide solution that streamlines the entire reconciliation process.
From importing data, matching and automatically resolving exceptions straight through to reporting and archiving, the Solution Series greatly improves operational efficiency, risk management and bottom-line profitability in all aspects of the reconciliation operation.
Mike Meriton, president of CheckFree Financial and Compliance Solutions states, ''This comprehensive product suite integrates superior, patented technology with our more than a quarter of a century of proven experience, to bring organizations world-wide into the new millennium.''
The Solution Series offerings will also soon be extended to integrate with other CheckFree reconciliation and compliance software applications. For more information about the CheckFree Solution Series please contact Ann Lago at 888-746-3448 or by email at alago@checkfree.com .
Solution Series Seminars
Beginning Tuesday, October 5, in Philadelphia, CheckFree will host a series of free seminars designed to educate banks and corporations about the CheckFree Solution Series. Seminars will also be held in New York, New Jersey, Chicago, Kansas City, Boston, Charlotte, Nashville, Atlanta, San Francisco and Los Angeles (see schedule below). Each seminar runs from 9-11 a.m.
Several of the Solution Series seminars will also include a free session on CheckFree APECS Client/Server, a Windows-based solution for abandoned property reporting. CheckFree APECS Client/Server builds on the powerful mainframe system, to streamline abandoned property processing with client/server performance and delivers quicker access to information. APECS Client/Server seminars are offered from 1:30-3:30 p.m.
Dates and locations for the Solution Series and CheckFree APECS Client/Server seminars are:
October 5 Park Hyatt Philadelphia October 20 Boston Back Bay Hilton
At the Bellvue 40 Dalton Street
Broad and Walnut Streets
Philadelphia Boston
October 6** Grand Hyatt New York November 9 Hyatt Charlotte at
South Park
Park Avenue at Grand 5501 Carnegie
Central Boulevard
New York City Charlotte
October 7 Doral Forrestal November 17 Union Station
100 College Road East 1001 Broadway
Princeton Nashville
October 14** Hyatt Regency Chicago November 18 Westin Peachtree Plaza
151 E. Wacker Drive 210 Peachtree Street
N.W.
Chicago Atlanta
October 19 Adam's Mark Kansas City December 7 Park Hyatt San
Francisco
9103 East 39th Street 333 Battery Street
Kansas City San Francisco
December 8** Hyatt Regency Los
Angeles
Macy's Plaza
711 South Hope Street
Los Angeles
** Indicates cities where CheckFree APECS Client/Server seminars will also
be held.
To register for the CheckFree seminar, contact Cheryl Hunter at 410-581-4491 or chunter@checkfree.com . Product information is available through Ann Lago at 888-746-3448 or alago@checkfree.com .
CheckFree RECON-Plus for Windows
Since it was first introduced to the market in 1995, RECON-Plus for Windows has quickly become the reconciliation system of choice for more than 150 banks and corporations in the United States, Canada and Europe. It streamlines the reconciliation process for any organization-wide application, whether check or non-check, including disbursement, depository, subledger, wire transfer, debit/credit cards, Federal Reserve, bank accounts and more. It also reduces fraud through daily deposit verification, allows for intra-day investment opportunities and provides quicker cash concentration.
CheckFree RECON SOLVER
After items are automatically matched, reconciled and reported using RECON-Plus for Windows, RECON SOLVER can guide exceptions automatically to resolution using an organization's best business practices. For example, RECON SOLVER can recognize such ''standard'' exceptions as bank service fees and ''mispostings'' by applying your business logic. RECON SOLVER can also automatically route exceptions to the appropriate department for resolution without any manual intervention, thus saving valuable time.
Checker STORER
To complete the process, checker STORER provides access to a wide variety of financial reporting data throughout an organization. This Enterprise Report Tool provides a high integrity report-mining engine that delivers access to reconciliation and backup information across the enterprise. CheckFree Storer meets all legal and regulatory archive requirements by utilizing optical disk jukebox technology. It eliminates paper storage requirements, saving valuable time and money. Critical business information is at the client's fingertips, versus hours spent searching archived paper files.
About CheckFree
Founded in 1981, CheckFree (www.checkfree.com ), the operating subsidiary of CheckFree Holdings Corp., is the leading provider of financial electronic commerce services, software and related products. CheckFree designs, develops and markets services that enable nearly three million consumers to receive and pay bills over the Internet or electronically through a variety of bill aggregation points, including banks, brokerage firms, portals and interactive content sites on the Internet, and personal financial management (PFM) software.
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 Form 10-K for the year ended June 30, 1998, Form 10-Q for the quarter ended March 31, 1999, Form 8-K filed May 25, 1999 and the Company's Registration Statement on Form S-3 (No. 333-79695) filed June 1, 1999, as amended June 15, 1999. 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 document 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.
SOURCE: CheckFree Corporation
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