Thin-Client Module Will Enable Reconciliation, Workflow, Reporting
Functions While Reducing Cost, Deployment Time for Customers
ATLANTA and LONDON, July 24 /PRNewswire-FirstCall/ -- CheckFree
Corporation (Nasdaq: CKFR) today announced the availability of Accurate
NXG(TM) version 2.12, the latest release of its leading reconciliation and
exception management solution. Through a rich, thin-client web browser
interface, ease of deployment and increased functionality - such as an
additional 160 reconciliation data fields - the latest release provides new
enhancements for financial services clients of CheckFree and their
customers.
Deploying the applications through a web browser will reduce the cost
and time involved in distributing the solution to large numbers of users or
user communities that are geographically dispersed. More companies can now
take full advantage of the breadth of Accurate NXG's functions -
Reconciliation, Workflow, Reporting and Report Store - through a rich
thin-client web browser interface.
The new release also has increased scalability to support companies
with large numbers of reconciliations, high data volumes or numbers of
users. CheckFree testing found that performance of a typical batch
processing schedule shows improvements of approximately 30 percent over the
previous release, and end user activities achieve results more than 40
percent faster. Results may vary based on individual client environments.
"The ability to take advantage of CheckFree Accurate NXG functionality
via the web, the increase in reconciliation data matching fields and the
ease of deployment - clients do not have to perform any installation -
makes Accurate NXG 2.12 the right solution for customers that want greater
control over their reconciliations," said Mark Cappell, senior vice
president and general director, reconciliation and exception management,
CheckFree Software. "This new version reinforces our commitment to provide
the best installed reconciliation solution in the world, which is central
to CheckFree's Applied Operational Intelligence(SM) approach to doing
business."
Accurate NXG version 2.12 version also completes the re-architecture of
the thin-client modules into a more scalable Java-based architecture. Built
upon enterprise-strength Java J2EE application servers, the Java based
architecture is now used across all thin-client modules, including the
Reconciliation, Workflow, Reporting, Report Store and Maintenance modules,
and forms a baseline for future functionality and performance.
"Accurate NXG version 2.12 uses innovative Web 2.0 technology, coupled
with the new Java-based architecture to deliver a rewarding user experience
on the web platform," commented Andy Mellor, product manager,
reconciliation and exception management, CheckFree Software. "The Web 2.0
features result in a highly rich thin-client application, supporting
collaboration among users both within and beyond the organization."
CheckFree's Applied Operational Intelligence(SM) approach helps clients
drive profitability and performance by combining innovative software,
proven expertise and business intelligence, competencies of reconciliation,
exception management, transaction process management, corporate actions
processing, payments processing, risk management and compliance. The
Applied Operational Intelligence approach is expressly designed to manage
risk and efficiency, while leveraging business intelligence to achieve
measurable return on investment.
CheckFree reconciliation and exception management solutions are
deployed across a global customer base, including some of the largest
domestic and international banks, custodians, brokers, asset managers and
retailers. For more information about Accurate NXG, visit
http://www.checkfreesoftware.com.
About CheckFree (http://www.checkfreecorp.com)
Founded in 1981, CheckFree Corporation (Nasdaq: CKFR) provides
financial electronic commerce services and products to organizations around
the world. CheckFree Electronic Commerce solutions enable thousands of
financial services providers and billers to offer the convenience of
receiving and paying household bills online, via phone or in person through
retail outlets. CheckFree Investment Services provides a broad range of
investment management solutions and outsourced services to hundreds of
financial services organizations, which manage about $1.8 trillion in
assets. CheckFree Software develops, markets and supports payment
processing solutions that are used by financial institutions to process
more than two-thirds of the 14 billion Automated Clearing House
transactions in the United States, and supports reconciliation, exception
management, risk management, transaction process management, corporate
actions processing, and compliance within thousands of organizations
worldwide.
Certain of the Company's statements in this press release are not
purely historical, and as such are "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These
include statements regarding management's intentions, plans, beliefs,
expectations or projections of the future (paragraph 1). Forward-looking
statements involve risks and uncertainties, including without limitation,
the various risks inherent in the Company's business, its ability to
successfully integrate acquired companies and other risks and uncertainties
detailed from time to time in the Company's periodic reports filed with the
Securities and Exchange Commission, including the Company's Annual Report
on Form 10-K for the year ended June 30, 2006 (filed September 8, 2006),
Form 10-Q for the quarter ended September 30, 2006 (filed November 8,
2006), Form 10-Q for the quarter ended December 31, 2006 (filed February 8,
2007) and Form 10-Q for the quarter ended March 31, 2007 (filed May 10,
2007). One or more of these factors have affected, and could in the future
affect the Company's business and financial results in future periods, and
could cause actual results to differ materially from plans and projections.
There can be no assurance that the forward-looking statements made in this
press release will prove to be accurate, and issuance of such
forward-looking statements should not be regarded as a representation by
the Company, or any other person, that the objectives and plans of the
Company will be achieved. All forward-looking statements made in this press
release are based on information presently available to management, and the
Company assumes no obligation to update any forward-looking statements.
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