By making the Clareti Cash Reporting Service available to corporates, Gresham will work with its banking partners to meet the significant and growing demand for intra-day and real-time payment information from the corporate market.

"The corporate market has now realised that if they can send an electronic message from one side of the world to the other in an instant, there is no reason why their bank cannot tell them when a payment has been received on their behalf from anywhere in the world. Likewise, the leading banks recognise that in order to attract, build and retain their relationship with a corporate customer, they want to offer an enhanced service, enabling a corporate to manage its financial affairs with a clear understanding of its position intra-day and in some cases, in real-time," said Andrew Walton-Green, CEO of Gresham Computing plc. "The value to the corporate of understanding who has paid them and what funds are available globally is both obvious and huge and this fact has not escaped the attention of the leading global banks."

Gresham's flagship Clareti Cash Reporting Service is a global solution that delivers a consolidated view of multi-bank payment information. With an understanding of intra-day cash positions and payments information, the corporate is better able to manage its cash, funding and borrowing decisions. The hub-based service is available to all banks and their corporate customers either through an Internet browser or direct data feed. Today, 14 of the largest banks in the world are providing data to the service and a further eight have committed to do so.

Walton-Green continues, "With 80% of business between Asia and the West transacted through open account, transparent same-day information on payments brings considerable value to any finance director or treasurer operating in a bank or corporate environment. As a result of the global co-operation of the most forward looking banks in the world that recognise the need for ir interoperability and standards, the proven ability to provide a consolidated real-time view of payment information is an enabler to faster global trading for all concerned."

Aimed at banks and corporates, Gresham's Clareti real-time financial solutions enable customers to better understand their transactions, their customers and their businesses while improving connections between people, the systems they use, and the businesses they work for.