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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: AugustWest who wrote (19881)11/19/2002 9:49:12 AM
From: StocksMan  Read Replies (1) of 20297
 
Greater Bay Bancorp Selects CheckFree Solutions to Streamline Daily Reconciliation Operations

Tuesday November 19, 9:39 am ET

ATLANTA, Nov. 19 /PRNewswire-FirstCall/ -- CheckFree Financial and Compliance Solutions, a business unit of CheckFree Corporation (Nasdaq: CKFR - News), today announced that Greater Bay Bancorp, (Nasdaq: GBBK - News), a $8.0 billion in assets financial services holding company, will leverage CheckFree RECON-Plus(TM) for Windows® to automate manual processes and support daily reconciliation for its item processing department. Greater Bay Bancorp has also elected to extend the automated reconciliation platform across the entire enterprise. As a result, Greater Bay Bancorp will be able to quickly and accurately match financial transactions with greater control and gain access to real-time information.

Prior to implementing RECON-Plus for Windows, Greater Bay Bancorp manually reconciled daily transactions, which has a greater opportunity for human error and exposure to risk than the automated system. By utilizing RECON-Plus for Windows, Greater Bay Bancorp can automatically balance virtually any type of account -- such as suspense, due from/due to correspondent and Federal Reserve accounts. RECON-Plus for Windows can reconcile Greater Bay Bancorp's accounts daily, weekly or monthly, and can match over 95 percent of their transactions automatically. . .

biz.yahoo.com
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