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To: StocksMan who wrote (20117)8/19/2003 12:13:25 PM
From: StocksMan  Read Replies (1) | Respond to of 20297
 
CheckFree Financial and Compliance Solutions And Grant Thornton Announce Joint Marketing Relationship

Tuesday August 19, 9:30 am ET

Relationship With leading Industry Consultant Extends CheckFree's Reconciliation Solutions Further Into the Government Market

ATLANTA, Aug. 19 /PRNewswire-FirstCall/ -- CheckFree Financial and Compliance Solutions (CFACS), a business unit of CheckFree Corporation (Nasdaq: CKFR - News), and Grant Thornton's Global Public Sector practice, a leader in business, financial, and information technology consulting, today announced a business relationship to leverage Grant Thornton's consulting expertise with CFACS's proven reconciliation solution, CheckFree FUND Xpedite(TM), for the governmental financial management community.

"Grant Thornton has a reputation for professional excellence in providing powerful, practical solutions that make federal, state, local and international governments more efficient and responsive to citizen's needs," said Mark Zill, senior vice president and general manager of CheckFree's Financial and Compliance Solutions business unit. "We look forward to working with them to serve our mutual clients with high quality software and services."

"The government contracts marketplace is more competitive than ever. CheckFree pioneered automated bank reconciliation systems more than 30 years ago and is the recognized market leader in reconciliation solutions worldwide. With the depth of CheckFree's reconciliation experience, Grant Thornton will be able to confidently recommend their products to our government clients as part of solutions we develop," said Hank Steininger, managing partner of the Global Private Sector for Grant Thornton.

Large, complex government agencies are currently using both CFACS's reconciliation solutions and Grant Thornton's consulting expertise to run more efficiently, including Federal Emergency Management Agency (FEMA). CheckFree FUND Xpedite can automatically reconcile complex government transactions spread across multiple systems and agency location codes (ALCs). The types of accounts that can be automatically reconciled range from depository, disbursement, general ledger, payroll, debit/credit card, grants, suspense, cash, e-commerce, domestic/foreign payments, treasury, wire transfers to subledger, loans, inventory applications and more.

Trial and final FMS 224, 1219/1220 and other department or agency reports are supported. FUND Xpedite is also available through the GSA Schedule program, GS-35F-0196K. . .

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