(COMTEX)B: (CKFR) E-commerce Leader CheckFree Selects SAP to Provide Business Software
Solutions for Its Growing Administrative Infrastructure
NEWTOWN SQUARE, Pa., Oct 6, 1999 (BUSINESS WIRE) -- SAP(tm) America,
Inc., the U.S. subsidiary of SAP AG (NYSE ADR: SAP), the leading
provider of inter-enterprise software solutions, today announced that
CheckFree (NASDQ: CKFR), the leading provider of financial electronic
commerce services, software and related products, has selected SAP
business software solutions to manage and build its administrative
infrastructure, in anticipation of significant growth.
"As the trend for electronic billing and payment continues to grow with
consumers, CheckFree will require more cost-effective strategies to
leverage our administrative infrastructure to address external
demands," said Gary Luoma, CheckFree vice president and chief
accounting officer. "The SAP suite of software solutions, which met our
rigorous standards and selection process, will also be critical in
managing the expected increase in company staff resulting from growth."
Through the SAP software suite, CheckFree will streamline financial
operations and facilitate greater visibility into company information.
For example, with SAP financial, materials management, sales and
distribution, and treasury solutions, CheckFree will leverage more
accurate purchasing data to enable better supplier negotiations,
improve information flow between purchasing and accounting and
centralize critical purchasing activities. With SAP Human Resources(tm)
and SAP Employee Self-Service(tm), CheckFree Human Resources will
benefit from applicant tracing and flow, training, competency-based
management and benefits and compensation management.
"These solutions will help us provide top-notch services to our
associates and make sure we have the talent we need, in the right job
at the right time, so we manage this growth effectively," explained
Katy Owen, vice president of CheckFree Compensation and Benefits. "Our
associates will also jump at the opportunity to use the employee
self-service options that will free them to perform benefits allocation
throughout the year."
"With SAP solutions providing a robust, integrated enterprise
infrastructure, CheckFree will be poised to take advantage of its
tremendous growth opportunities as companies and individuals continue
to transact business over the Internet," said Keith Peterson, senior
vice president, SAP America, Inc. "It's a true validation of the
mySAP.com collaborative business environment that CheckFree, an early
Internet player, has chosen SAP solutions to help it achieve its
goals."
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.
CheckFree's range of services and products are focused on enabling
customers to make electronic payments and collections, automate
paper-based recurring financial transactions and conduct secure
Internet transactions.
About SAP
As the market leader of inter-enterprise software solutions, SAP is
leveraging its strength in industry-focused business software and the
world's largest enterprise software customer base to deliver mySAP.com.
mySAP.com provides an open collaborative business environment of
personalized solutions on demand. This enables companies of all sizes
and industries to fully engage their employees, customers and partners
to capitalize upon the new Internet economy.
mySAP.com allows people to harness the power of the Internet to work
smarter, better and faster by optimizing supply chains, managing
strategic relationships, reducing time to market, sharing virtual
information, and increasing productivity and shareholder value. SAP is
listed on several exchanges including the Frankfurt stock exchange and
NYSE under the symbol "SAP." The SAP World Wide Web site can be found
at sap.com.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: SAP America
Marlene Petter, 610/661-3305
marlene.petter@sap.com
or
CheckFree
Judy Morris, 678/375-1595
jmorris@checkfree.com
WEB PAGE: businesswire.com
GEOGRAPHY: PENNSYLVANIA GEORGIA
INDUSTRY CODE: COMPUTERS/ELECTRONICS
COMED
INTERACTIVE/MULTIMEDIA/INTERNET
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