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Technology Stocks : CheckFree (CKFR) -- Ignore unavailable to you. Want to Upgrade?

To: marks who wrote (983)	12/16/1997 9:27:00 AM
From: chirodoc	Read Replies (1) \| Respond to of 8545

Monday December 15, 8:29 am Eastern Time Company Press Release SOURCE: CheckFree Corporation Rogers Cablesystems Automates Reconciliation With CheckFree RECON-Plus for Windows ATLANTA, Dec. 15 /PRNewswire/ -- CheckFree Corporation (Nasdaq: CKFR - news) today announced that Canada's largest cable company, Rogers Cablesystems Limited, will use CheckFree's RECON-Plus(TM) for Windows(R) client/server system for automating reconciliation enterprise-wide. The software will be used for reconciling its fixed asset and accounts receivable activity for 33 business units, inventory for 11 warehouses, as well as for reconciling its project tracking system to the company's general ledger. Additionally, RECON-Plus for Windows will be used to reconcile more traditional banking reconciliation needs such as daily deposit verification. ''We selected RECON-Plus for Windows for our day-to-day reconciliations, because its leading-edge client/server technology will allow us to streamline operations, gaining major efficiencies in time and cost savings,'' said Rogers Cablesystems Controller, Danny Ladouceur. ''The flexibility of RECON-Plus for Windows makes it the ideal solution for our reconciliation needs. We were impressed with this application because we will be able to expand its use organization-wide. We plan to implement the system to reconcile deposits from our integrated Rogers Video and Cable retail stores and will consider further expansion to reconcile transactions for Cantel AT&T (Canada's largest wireless telephone company) and other Rogers Communications businesses.'' By advancing to a realtime client/server automated process for reconciling inventory, project costing, fixed assets and accounts receivables, Rogers Cablesystems will gain unsurpassed efficiency, accuracy and control. In addition, Rogers will reallocate resources for more value-added responsibilities. With RECON-Plus for Windows' powerful automated matching capabilities, Rogers Cablesystems expects to significantly improve the costly research and resolution of discrepancies and reduce the potential for fraud with daily deposit verification for its retail businesses. ''Our agreement with a technology-driven telecommunication leader like Rogers Cablesystems is a terrific example of the flexibility of RECON-Plus for Windows,'' said Frank Amoruso of CheckFree's Software Division. ''By using RECON-Plus for Windows, Rogers Cablesystems has a dynamic money management as well as inventory control tool that can grow and adapt as needed.'' About Rogers Cablesystems Rogers Cablesystems Limited, Canada's largest cable network operator, provides high quality entertainment, information and communications services to approximately 2.2 million customers in Ontario and British Columbia. Its hybrid fibre-coaxial network is ideally suited for delivering interactive products and services that require significant bandwidth. The company also owns and operates 187 Rogers Video stores.