XRT-CERG Alliance With J.D. Edwards Provides an Integrated Financial Solution For Cash and Treasury Managers
DENVER and WAYNE, Pa., June 2 /PRNewswire/ -- Enterprise business software provider J.D. Edwards & Company (Nasdaq: JDEC) and treasury management application provider XRT-CERG Finance S.A. today announced an ongoing partnership to fully integrate XRT-CERG's cash and treasury manager (CTM) application with J.D. Edwards' network-centric OneWorld(TM) solution.
CTM streamlines cash management processes by replacing the usual cash manager tools including multiple proprietary banking applications and spreadsheet macros. CTM supports finance and investment optimization decision making, offering automatic bank data communication to multiple banks and real-time access to cash balances and transaction information. The joint solution, with J.D. Edwards' OneWorld provides seamless exchange of financial information and gives executive management teams valuable data for strategic planning.
The OneWorld accounts payable and accounts receivable modules will be integrated with XRT-CERG's CTM to provide a total picture of cash flows for complete cash forecasting. Bi-directional integration with the OneWorld general ledger is also planned for bank reconciliation. This integrated functionality, which is scheduled to be completed in early 2000, will provide treasurers the ability to better manage risk with access to more detailed financial information and optimize their working capital.
The integration of these two best-of-breed products frees treasurers and cash managers to focus on their portfolios rather than their systems applications. Currently, XRT-CERG and J.D. Edwards have 200 common customers worldwide.
"The joint solution will allow a new level of interoperability between the corporate treasury department and the rest of the enterprise," said Fred Studer, director of product marketing at J.D. Edwards. "This will allow treasury managers to identify and manage risks better, as well as make more informed decisions regarding banking, debt management and investments."
"The partnership between XRT-CERG and J.D. Edwards offers treasury managers a best-of-breed, one-stop solution for their financial management needs," said Jean-Pierre Roumilhac, president and CEO of XRT-CERG Finance S.A.
As part of this ongoing relationship, J.D. Edwards was one of the sponsors of the XRT-CERG FORUM '99, a successor to the XRT User Group Meeting, which was open to all cash and treasury professionals. Rick Allen, CFO at J.D. Edwards, gave the keynote address at FORUM '99, which took place May 12-14 in Las Vegas.
About XRT-CERG Finance
XRT-CERG Finance, S.A. develops, markets, and supports electronic banking, cash, treasury and risk management software solutions for mid-size to large corporations, and banks worldwide. Its software solutions are based on the Microsoft Windows NT platform and include both 32-bit client/server applications utilizing SQL databases, as well as streamlined solutions for smaller organizations. The company has approximately 11,000 customers in 51 countries. Additional information can be obtained via the Internet at www.xrtcerg.com.
About J.D. Edwards
J.D. Edwards provides Idea to Action(TM) software for managing the enterprise and supply chain. The Company's integrated applications give customers control over their front office, manufacturing, logistics/distribution, human resources and finance processes for the consumer products, industrial and services industries. J.D. Edwards enables Idea to Action with ActivEra(TM), a collection of tools and technologies that extend the J.D. Edwards SCORE(X) and AIM(X) supply chain solutions and OneWorld(TM) and WorldSoftware(TM) enterprise business software. ActivEra allows customers to change their enterprise software quickly and easily during and after implementation. The Company's solutions operate in multiple computing environments, including Windows NT, UNIX and OS/400, and are Java and HTML enabled.
Founded in 1977, J.D. Edwards is headquartered in Denver and posted fiscal 1998 revenues of $934 million. Additional information can be obtained by contacting the Company at 800-727-5333 or via the Internet at www.jdedwards.com.
NOTE: J.D. Edwards is a registered trademark of J.D. Edwards & Company. The names of all other products and services of J.D. Edwards used herein are trademarks or registered trademarks of J.D. Edwards World Source Company. All other product names used herein are trademarks or registered trademarks of their respective owners. The historical results stated above are not necessarily indicative of the results of any future period.
SOURCE J.D. Edwards & Company
CO: J.D. Edwards & Company; XRT-CERG Finance S.A.
ST: Colorado, Pennsylvania
IN: CPR MLM FIN
SU: JVN
06/02/99 13:35 EDT prnewswire.com |
